Happy news on the way as same as phone numbers soon you will be able to retain your bank account numbers while switching banks. Reserve Bank of India is working on this plan to implement soon for the welfare of the people. Deputy governor of RBI SS Mundra announced this during a program organized by Banking Codes and Standards of India (BCSBI) in Mumbai.
He said that the account number portability concept is going to be implemented soon. As the payment system is getting advanced day by day so there is a need to implement such concept which eradicates the problems associated with the bank account numbers and benefits the people.
Mundra said, technological innovation and linking accounts to Aadhaar, the ID number issued by the Unique Identification Authority of India, have made it easier to move towards account number portability. He also cautioned banks against charging higher rates on services. So get ready people to take a step ahead in the new parameter of technology. Port your bank account numbers easily and enjoy the benefits.