I would rather have such critical changes to done my account in person coupled with the Aadhaar verification. Banking security revolution you are suggesting has

I would rather have such critical changes to done my account in person coupled with the Aadhaar verification. Banking security revolution you are suggesting has its own merits and demerits and it really doesn’t work for even decent fraction of the population. RBI can do the whip thingie in an instant but then the banks will have to do the magic wand thing. You know, I saw in my village a gentleman forcing the bank manager to set a password for him on a phone pushed in front of uncomfortable young bank manager because he didn’t know how to sign up to mobile banking and he wanted to use UPI. No, the gentleman didn’t plan to change the password. Later the bank manager told me this is as common as it gets. I see. This is more of a frustrated rant and I wouldn’t say it’s entirely invalid, but misplaced yes. In a place like India you can’t really think of specs, best practices, and certifications alone. That’s far from ideal, but that’s how it is for a place where a huge challenge is still the “reach and access of modern banking”. You have mentioned problem, the real problem etc couple of times — seems I missed it in your post.