Bank Account Number Portability!







The bank will soon provide the portability facility for a bank account number. Reserve Bank Deputy Governor SS Mundra directed all banks to focus on the issue. If it is appropriate, those who are not satisfied with bank facilities will be able to maintain transactions in a different bank with the same account number. The portability system will be introduced with the intention of enhancing competitiveness in the financial sector and providing better services to customers. This will increase the number of accounts in banks that will benefit customers.

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