Meter Jam in Mumbai is actually a concept. If you are the consumer, you need to assert your rights. I sincerely hope that all consumers in all aspects come under such a ‘Meter Jam’. For example one senior journalist was trying to open a brokerage account (without opening a demat account and a bank account – which he already had). He just could not.
Even if you tell your broker “I only need to trade nifty options” he will INSIST that you open a savings account, a demat account nd a brokerage account.
Speaking about number portability another friend in the telecom equipment industry was telling me “It is like the bank. If you are with H bank, you think I bank or K bank, or Y bank is better…however other bank people think the same”. At the bottom of it all, frankly I am SCARED to change bankers. At least here with my existing bank, I have found out the SCREAMING hierarchy – screaming at what level gets things done. In the worst case scenario go to the CEO.
We need a meter Jam in brokerage, mutual funds, PMS, life insurance…the list is endless. Initiative anybody?
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