Reliance Communications has launched Mobile Banking Services in India in partnership with SBI. You don’t need any internet connectivity on your handset as the mobile banking works only over SMS.
Press Release
Mumbai, April 20, 2011: Reliance Communications (BSE: RCOM), India’s largest integrated telecom operator today launched ‘Mobile Banking Services’, its new VAS service in association with SBI. Reliance Consumers can use facilities like balance inquiry, mini statement, fund transfer, cheque book issuance, mobile recharge and bill payment at any time and place through the use of their cell phones.
Reliance Subscribers will not require any special mobile application or GPRS to use the service, but they should have an active current/ savings account with SBI. The customers will have to register for the services with SBI. The user has to dial *595# to view simple menu choices and key-in your choice. Customers will be able to view account balance, get mini statements, do Fund Transfer, change MPIN or recharge their mobile account. He will also receive confirmation regarding successful transaction over SMS.
Announcing the launch of new service, Mr. Mahesh Prasad, President-Wireless Business, Reliance Communications said,” Consumers use their cell phones to play games, read news headlines, surf the Internet, do online trading, share documents, write blogs, do chatting, listen to music, book a ticket for movie, etc. And still consumers continuously keep demanding more and more from their phones. This mobile banking service is yet another useful service for our customers, they can now avoid those long queues at the SBI branches”