for the first time ever I’m receiving compensation from a bank , it is not the first time I’m reporting any errors to RBI ombudsman, i have reported multiple and most of the time the concerned thing was resolved, in this complaint IDFC first bank held IPO funds blocked more than the required time and I mailed them after approx 2 months that my amount is still blocked and I also told I need compensation as per RBI guidelines they first agreed and after that when it got escalated for re-confirming they denied giving the compensation as they stated that it was the mistake of sponsor bank and I kept replying to their mails back and forth after that I registered the complaint for compensation of ₹5500 but they have credited my account with ₹6600. I’m very happy my first win against a bank .