Bank a/c number portability: You could change your bank without changing a/c no.
New Delhi: RBI deputy governor S S Mundra has batted for introduction of bank account number portability using Aadhaar and various platforms of NPCI (National Payments Corporation of India).
“In the last two years, the Aadhaar enrolment has happened, platforms have been created by NPCI, many apps to do banking transaction like IMPS have been introduced. With all these, account number portability is a very much in the realm of possibility,” Mundra said.
He said once account number portability becomes a reality, banks will see silent customer moving away from them without even talking to them.
Mundra was speaking at an event organised by the Banking Codes and Standards Board of India (BCSBI) in Mumbai.
Some banks are using charges on maintaining minimum average balance in accounts and offering other facilities as an excuse to deny or deter a few customers from availing some of their services, RBI deputy governor S S Mundra said.
Most of the banks have introduced charges on non- maintenance of minimum balance in accounts and for using banking-related facilities.
He said there is no harm in banks charging customers to offer select services but norms should not be designed to keep some customers away.
The deputy governor said the RBIs concern is limited to ensuring availability of banking services to all customers and it is not looking into amount banks are levying on customers to offer these facilities.
The deputy governor said the RBI is soon going to prescribe the minimum narration for bank statement or pass book which would be easier for customers to understand.
Mundra said a lot of banks are not adhering to the code of conduct designed by BCSBI.
BCSBI is an independent body set up by the RBI, Indian Banks Association (IBA) and scheduled commercial banks with the specific objective of ensuring that customers get fair treatment.
“Our analysis has shown that the per cent of complaints of non-adherence of BCSBI code over a six year period – 2010-11 to 2015-16 has shown an increase and the increase is not a marginal increase,” he said.
Taking about the banking ombudsman scheme, he said for the first time since its inception in 1995, the number of complaints exceeded 1 lakh last year (July 2015 to June 2016), and during this year, up to May, it has already crossed 1 lakh complaints mark.
With PTI Inputs
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Source: Zee news
