Big setback for customers, bank account portability faces stiff opposition; Centre rushes to rescue
Bank account portability: The government is reportedly now planning to play the role of a saviour - for customers. The scheme would have helped bank customers to switch to another bank while retaining their account number if they did not like the services of their own lender. But, the scheme is being opposed by Indian Banking Association and Trade Unions
According to sources, the government wants to provide the facility to bank customers, whose bank accounts are linked with their Aadhaar numbers. Image source: PTI