Results of Underwriting Auctions Conducted on February 01, 2019
February, 01st 2019
Ombudsman Scheme for Digital Transactions, 2019
Ref. CEPD. PRS. No. 3370/13.01.010/2018-19
Date: January 31, 2019
In exercise of the powers conferred by Section 18 of the Payment and Settlement Systems Act, 2007, being satisfied that in the public interest and in the interest of conduct of business relating to payment systems, it is necessary to provide for a mechanism of Ombudsman for redressal of complaints against deficiency in services related to digital transactions, hereby directs that, the System Participants defined under the Ombudsman Scheme for Digital Transactions, 2019 shall come within the ambit, and should comply with the provisions of the Ombudsman Scheme for Digital Transactions, 2019.
2. The Scheme shall come into force from January 31, 2019.