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Wednesday, January 4, 2012

Banking: Coming Soon S. B. Account Number Portability

January 4, 2012: The central finance department have resolved to commence a new system of SB account number portability, where a customer can change his/her bank without changing the SB account number.

Finance department has took away the interest rate restrictions on SB accounts on October 2011. After that various banks have raised the interest rates of SB accounts to 7%. The account number portability will add more spice to the banking war in India, where a customer can easily sail into a new bank with minimum procedures. 

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