https://www.taxtmi.com/highlights?id=84998 The RBI directed banks to use only the '1600xx' phone numbering series for customer transactions and '140xx' series for promotional purposes to prevent financial fraud. Banks must monitor and clean customer databases, follow TRAI guidelines, utilize the MNRL on DIP, develop SOPs for fraud risk monitoring, update RMNs after verification, and enhance monitoring of accounts linked to revoked mobile numbers. Compliance is mandated by March 31, 2025. en-us Sat, 18 Jan 2025 10:49:15 +0530 Sat, 18 Jan 2025 10:49:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=84998 The RBI directed banks to use only the '1600xx' phone numbering series for customer transactions and '140xx' series for promotional purposes to prevent financial fraud. Banks must monitor and clean customer databases, follow TRAI guidelines, utilize the MNRL on DIP, develop SOPs for fraud risk monitoring, update RMNs after verification, and enhance monitoring of accounts linked to revoked mobile numbers. Compliance is mandated by March 31, 2025. Highlights Indian Laws Sat, 18 Jan 2025 10:49:15 +0530 https://www.taxtmi.com/highlights?id=84998