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RuleMate India

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SHORT ANSWER: Yes, it is mandatory to link a mobile number with a bank account for certain banking services. DETAILS: - The Reserve Bank of India (RBI) mandates that banks must obtain mobile numbers from customers for effective communication and security purposes. - Linking a mobile number helps in receiving alerts, notifications, and for transactions like OTP (One Time Password) verification. PUNISHMENT / IMPLICATIONS (if applicable): - Failure to link may result in restricted access to certain banking services. SOURCE: - Reserve Bank of India Guidelines
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Disclaimer: This website provides general information on Indian government rules and laws for educational purposes only. It is not legal advice. Laws and rules may change. Always verify with official government notifications or consult a qualified professional.