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ICICI Bank allows customers to transfer funds via Twitter

India's largest private sector lender, ICICI Bank, introduced a number of banking transactions on Twitter. The service named icicibankpay, will allow its customers to transfer money, recharge prepaid mobiles, check account balances and the last three bank transactions over direct messages (DM) on Twitter. The service allows customers to send money to anyone in India using their Twitter handle, even if the recipient does not have an ICICI Bank savings account. How it works -To register for the service: ICICI Bank customers who wish to register for the service need to follow the bank's Twitter handle, @ICICIBank, and send a direct message(DM) to the handle with the a hash tag #reg along with the registered mobile phone number in the bank. As an added safety measure, customers will receive an OTP which in turn needs to be sent back as a direct message to the bank's twitter handle with the hashtag #regotp to complete registration. -Transfer money: To transfer money, customers will have to send a direct message to the ICICI Bank twitter handle with the hash tag #pay followed by the handle of the recipient and the amount to be transferred. For example: #pay @lomirgenii1988 500. On sending the DM to the ICICI Bank handle, customers will receive an SMS on their registered mobile number with a four digit pass code which they have to share with the beneficiary. The beneficiary will receive a tweet from the bank with a link of its website. Beneficiaries will have to click on the…

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