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HomePersonal FinanceNew Bank Account Rule: New Government Rule for Mobile Numbers: What You...

New Bank Account Rule: New Government Rule for Mobile Numbers: What You Need to Know

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MNV System: Today, almost everyone has a phone. The number running on it is linked to their identity. While the arrival of the phone has brought great convenience in life, it also has some disadvantages. Many cases of fraud through mobile numbers are coming to the fore these days.

Cyber ​​​​thugs make people’s lifelong earnings disappear in minutes. To solve this problem, the government is going to do a big thing. The Government of India is planning to bring a new Mobile Number Validation Platform i.e. MNV. With the help of this new system, banks, NBFCs and fintech companies will be able to confirm whether the number being given to the customer is actually his or not.

For your information, let us tell you that till now there is no such system by which it can be ascertained whose number is given. Currently, the system is that if you go to a bank for a new account, then you do not have to give any proof of whose number you are giving. People link other numbers in bank accounts opened with the intention of fraud. MNV platform will work to solve this problem. With the help of this platform, banks, NBFC and fintech companies will be able to know whose number this is. The best smartphone

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Know what to do

Whenever the government implements this new system, you will be asked for OTP to verify your phone number. For this, you will need to link your Aadhaar with your number. According to experts, arrangements will be made to validate your number through OTP only. The best smartphone

Why is there protest

Although on one hand many benefits of this platform are being told, on the other hand a section has started opposing it. They say that this can put the customer’s privacy at risk and their personal information can be misused. At the same time, some experts believe that this is only a temporary solution, because fraudsters keep finding new ways. In such a situation, the question arises that how long will this platform remain effective.

Prevention is possible only through awareness

The government is preparing to stop cyber fraud with the help of technology, and now awareness campaigns are also being run on a large scale in rural and regional areas. In these campaigns, people are being told not to share their mobile number, OTP or bank related details with anyone. Along with this, information is also being given on how to lodge a complaint at the right time if a fraud occurs.The best smartphone

Also Read: Major Government Notification: Big Changes Ahead for Central Employees – What You Need to Know

Deepak Kumar
Deepak Kumar
Deepak Kumar has 2 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @deepakmaurya152004@gmail.com
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