Reliance Communications has launched ‘Mobile Banking Services’ in association with the State Bank of India (SBI). RCom’s GSM consumers can use the facilities for a host of banking services at any time and place through their cell phones.
RCom subscribers with SBI account will have to register for the services with the bank. The user can then dial *595# to view menu choices and then select the choice.
There is no need for any special mobile application or GPRS to use the service. Customers will be able to view account balance, get mini statements, do fund transfer, change MPIN or recharge their mobile account. Users will also receive confirmation regarding successful transaction over SMS.
Mahesh Prasad, president, wireless business, Reliance Communications said, “This mobile banking service is yet another useful service for our customers, they can now avoid those long queues at the SBI branches”
The service is free of charge for the consumers.