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RBI asks for account number portability

RBI asks for account number portability

Reserve Bank of India (RBI) deputy governor S.S. Mundra pushed banks to allow customers to move seamlessly between banks without having to change their account numbers. "A scenario was thus emerging wherein customers would be able to silently walk out from one institution to another, in a case of any dissatisfaction with the services," RBI said. Currently, bank account number portability doesn’t exist anywhere in the world.

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