Mobile Banking services has become more easier and Universal with National Payment Corporation of India (NCPI)’s National Unified USSD Platform (NUUP) on BSNL and MTNL. This service is available on BSNL and MTNL’s GSM Network which includes Mobile banking Services from 23 Banks.
To enjoy this new service just dial *99# from your mobile phone and enjoy Mobile Banking services from 23 Banks. This USSD service works only on BSNL and MTNL’s GSM Network not on CDMA Networks. To use this service you don’t need to send any SMS or access through Internet Data. This service is accessible via any Handset, what is required is to dial *99#.
When for the first time you will access through this USSD Service, it shall ask you for 7-digit Mobile Money Identifier (MMID). Checkout your bank to get your MMID, after you enter the 7-digit MMID this service will get you linked with your Bank Account with your mobile number. The daily transaction limit is Rs.5000 for this service.
NCPI is working with RBI in the sector of providing other Banking Services like Balance Inquiry and Mini Statement via this new USSD Service. This service shall cost nothing to the customers, i.e this service is free of cost to customers. Though this service is free for customers but NCPI is paying BSNL and MTNL 25p per transaction to promote Mobile banking.