Challenges NRIs Face with Indian Mobile Numbers for Banking Abroad
Can NRIs use Indian mobile numbers abroad for banking? OTP delays, SIM deactivation and account access issues, know what to do
The Economic Times
Image: The Economic Times
Non-Resident Indians (NRIs) often encounter issues with their Indian mobile numbers while managing banking transactions overseas, including OTP delays and SIM deactivation. Maintaining an active Indian number is crucial for accessing banking services, but alternatives like international numbers and app-based authentication are becoming more viable.
- 01Maintaining an Indian mobile number is essential for NRIs due to OTP requirements for banking.
- 02Challenges include high international roaming costs, SIM deactivation due to inactivity, and delayed OTPs.
- 03Many banks allow registration of international mobile numbers for NRI accounts, but experiences vary.
- 04App-based authentication is emerging as a reliable alternative to SMS OTPs.
- 05NRIs should maintain a dual setup with both Indian and international numbers for better access.
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Non-Resident Indians (NRIs) often face significant challenges when using their Indian mobile numbers for banking transactions abroad. The reliance on One-Time Passwords (OTPs) for various banking activities makes maintaining an Indian number crucial. However, issues such as high international roaming costs, SIM deactivation due to inactivity, and delays in OTP delivery can complicate access to banking services. While many banks have started supporting international mobile numbers for NRI-specific accounts, the reliability of this service varies by institution and account type. App-based authentication is gaining traction as an effective alternative, allowing users to bypass traditional SMS routing problems. To mitigate disruptions, NRIs are advised to maintain both an Indian number for OTPs and an international number as a primary contact. This dual setup can enhance access to banking services and ensure smoother transactions.
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Maintaining an active Indian mobile number is crucial for NRIs to ensure uninterrupted access to banking services, which can affect their financial transactions and compliance with Indian regulations.
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