The National Payment Corporation of India (NPCI) has rolled out National Unified USSD platform (NUUP) based mobile banking service to boost IMPS based transactions. Users can dial *99# short code on their handset, which will allow every banking customer to access banking services with a single number across all banks – irrespective of the telecom service provider, mobile handset make or the region. The service is currently available on MTNL and BSNL telecom operators and with 23 banks including Andhra Bank, State Bank of Bikaner & Jaipur, Allahabad Bank, State Bank of Hyderabad, Bank of Baroda, State Bank of India, Bank of India, State Bank of Mysore, Canara Bank, State Bank of Patiala, Federal Bank, State Bank of Travancore, ICICI Bank, Syndicate Bank, Indian Bank, Union Bank of India, IDBI Bank, UCO Bank, Karur Vysya Bank, Union Bank of India, Oriental Bank of Commerce, Vijaya Bank, Punjab National Bank. NPCI will eventually roll out the service on other telecom operators. Since the service is USSD based, it will work only with GSM telecom operators and not with CDMA. Apart from that, the service does not need users to send an SMS or require a GPRS enabled device and can be used even on a basic mobile handset. Services available: As of now, users can perform Interbank Mobile Payment Service (IMPS) fund transfer through the service with a daily transaction limit of Rs. 5,000 per customer. NPCI is awaiting permission from RBI to enable other banking services like Balance Enquiry, Mini Statement and Requests for Cheque Book. How to use: MTNL and BSNL customers need to dial *99# on their…
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