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India Business News: Recycled mobile phone numbers: According to regulations, telecom companies can reclaim a mobile number from a customer if it remains unused or not rec ....
Reliance Jio: As per officials, over 10 million recycled mobile numbers are put in the market every month by telcos. These are the numbers which were earlier used by some people who have stopped recharging or using them for a specific period. These numbers are then put up in the market again. ....
One has just got a new mobile connection and suddenly calls from a bank recovery agent start pouring in. Or, one has been trying to link one s new mobile number to the bank account or UPI but is not able to as it s already linked with someone else. This is a sure shot sign that one may have got a recycled mobile number from the telco, which till a few months ago was used by another person. ....
The Reserve Bank of India (RBI) has relaxed the process for reactivating dormant accounts and increased norms to limit fraud in inoperative accounts. Activation can be done through KYC details or video-customer identification processes. Banks are not allowed to charge fees for inoperative account activation or penalize non-maintenance of minimum balances. ....