Wednesday, June 22, 2005

Uniform bank A/C numbers soon

Rediff report says :
         Bank account holders will soon have a standardised unique individual account number with the introduction of real time gross settlement and straight-through processing in the banking sector.
         This is because the electronic network of RTGS is, at times, unable to read alpha-numeric or complete numeric account numbers.
         "Accounts numbers vary across banks," said R Gandhi regional director (Andhra Pradesh), Reserve Bank of India. Different banks have different customer identification numbers based on legacy issue and systems. Read More...

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