Economics · Banking Committee Recommendations
What is 'account number portability' as recommended by the Damodaran Committee?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1The process of merging multiple active accounts of different banks into a single unique identification number.
- 2The provision to retain the same account number when transitioning from a savings account to a commercial current account.
- 3The ability to maintain the same bank account number even when transferring the account to a different branch or city.✓
- 4The provision to change the account number structure whenever requested by a customer.
Correct answer
The ability to maintain the same bank account number even when transferring the account to a different branch or city.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Banking Committee Recommendations MCQs →Want more practice questions on Banking Committee Recommendations?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Banking Committee Recommendations