1 Abstract Bank Account Number Portability (BANP) is a novel idea that seeks to provide flexibility to customers in choosing the

best service provider in the banking domain. The deregulation of the banking domain has empowered banks to promote strategies that leverage their business in the best possible way and this has created diversity in the way banks dole out their services like interest on savings. BANP, with IT as an enabler can transform the commoditized banking industry. In terms of implementing BANP the project is fraught with bottlenecks. Implementing it requires extensive and complicated IT infrastructure that is cost intensive. The IT infrastructure should incorporate a clearing house that can port the numbers from one bank to another when the customer demands so. Care should be taken to ensure that incomplete transactions and clearings are routed to the new bank so that funds are transferred to the proper customer. BANP will redefine numerous business processes like implementation of CBS and handling of debit/credit cards. While it poses diverse challenges it can define the trajectory of the banking industry by making the market more competitive. It will make banks reframe their strategies so that they are not only able to retain their customer base but also to attain considerable inflow in it. Keywords: Bank Account Number Portability, BANP