The correct answer is Banking Ombudsman Scheme. Explanation & Key Takeaways: Banking Ombudsman Scheme 1995: • The Banking Ombudsman Scheme is an expeditious and inexpensive forum for bank customers to the resolution of complaints relating to certain services rendered by banks. • The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995. • Presently the Banking Ombudsman Scheme 2006 (As amended up to July 1, 2017) is in operation. • The Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redress customer complaints against deficiency in certain banking services covered under the grounds of complaint specified under Clause 8 of the Banking Ombudsman Scheme 2006. • To date, twenty Banking Ombudsmen have been appointed with their offices located mostly in state capitals. • All Scheduled Commercial Banks, Regional Rural Banks and Scheduled Primary Co-operative Banks are covered under the Scheme. • One can file a complaint before the Banking Ombudsman if the reply is not received from the bank within a period of one month after the bank concerned has received one's complaint, or the bank rejects the complaint, or if the complainant is not satisfied with the reply given by the bank.