What is the objective behind establishing the office of Banking-00440

Online Quiz This subjective question is related to the book/course vu cs301 Data Structures. It can also be found in vu cs301 Mid Term Solved Past Paper No. 1.

Question 1: What is the objective behind establishing the office of Banking Mohtasib?
Answer:
The main objective of the banking Mohtasib is to understand and find out injustice done by anyone to the customer. The examples of wrong charges levied on to the customers, extra commissions charged, incorrect interest rates given on deposits or incorrect interest rate charged on loans and advances. Compliants regarding cheque collections inward and outward transfer of domestic and foreign currency etc. Thus the banking mohtasib is suppose to address all the grievances faced by the customers of the bank.

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