Financial services secretary, DK Mittal has said that the government is working on savings banks account number portability. This comes at a time when the central bank, Reserve Bank of India has favoured looking into the matter once every account holder has a number issued by the Unique Identification Authority of India or UIDAI.
Government working on savings banks account number portability — economictimes.indiatimes.com — Readability
Can someone explain me the benefits?
Would this mean that the person can change banks but his friends would not require to change the account details in their online accounts for online money transfers? I do not see that happen without major technical issues.
And again... How is Aadhar going to help the cause?
Government working on savings banks account number portability — economictimes.indiatimes.com — Readability
Can someone explain me the benefits?
Would this mean that the person can change banks but his friends would not require to change the account details in their online accounts for online money transfers? I do not see that happen without major technical issues.
And again... How is Aadhar going to help the cause?