CAN I CONVERT TRUST MANUAL BANK ACCOUNT INTO NET BANKING OR ELSE MOBILE BANKING

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PARESH TIKADIYA (Querist)
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14 October 2021 Sir,
A Temple which is governed by trust. A trust has already a bank account which is operated manually at Bank. Can I convert this trust bank account into net banking or else mobile banking?
Is there any other procedure for operating trust bank account online. Like neft ,rtgs through mail.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 October 2021 Yes, you can convert this trust bank account into net banking. Get approval of the trustees.
Mobile banking is for personal use.

PARESH TIKADIYA

PARESH TIKADIYA (Querist)
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14 October 2021 But Bank denied for converting trust bank account online. So what action we can take against them. Is there any RBI guideline available?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 October 2021 For the safety of funds they may say so.

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