How to use Banking Services from Basic Mobile Phone: USSD *99#

Last updated on March 24th, 2023 at 06:01 am

Days are not far away for a basic mobile phone user when he/she will have access to their bank accounts, currently, an app is required to avail of the service, and that app can be downloaded on smartphones only.

Recently The National Payments Corporation of India (NPCI) launched a USSD mobile banking platform which was announced formally by Finance Minister P Chidambaram at the national banking conference in  Pune.

How to use Banking Services from Basic Mobile Phone by using USSD *99#

With this service, you have to dial USSD *99# from your mobile phone to access your bank account, transfer funds, check balances and even you may place a request for cheque books. This is similar to checking the balance of your prepaid mobile connections.

The new service is best suitable for India as it is simple and secure, as no information is stored in the mobile device. 90% of phones used in the country are GSM handsets and this service works on all GSM phones, irrespective of make, cost, operating system, or even the telecom service provider. Presently 25 paise is being paid by NCPI to Mobile operators for this service.

Currently, the service is available on BSNL and MTNL networks across 23 banks and soon will be available on all other mobile operators.

The main precaution is to be taken to act fast in case your mobile phone got stolen otherwise misuse can’t be avoided.