What is the new numbering series mandated by RBI for transactional calls?
1600xx
Why in the news?
"RBI Directs Banks to Use ‘1600xx’ for Transaction Calls, ‘140xx’ for Promotions to Enhance Security”
The RBI has mandated that banks use the '1600xx' number series for transactional calls and the '140xx' series for promotional calls. This initiative aims to enhance the security of financial transactions and help distinguish transaction-related messages from others.
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