India’s National Telecom Backbone Bharat Sanchar Nigam Ltd (BSNL) and State Bank of India (SBI) today announced a partnership for extending banking and payment services (Mobile Money) to India’s unbanked millions through the ubiquitous USSD SMS based mobile platform.
With the partnership announced today BSNL customers having their account with State Bank of India (SBI) can enjoy Mobile Banking facility with all banking transactions including Money Transfer, Mobile to Mobile Fund Transfer, Balance Inquiry, Mobile Top-Up/Recharge, Mini Statement, Checkbook issuance, Prepaid Mobile Recharge and Postpaid Bill payment and lot more just for Rs.15 per month. The service will be work over USSD based SMS system.
Earlier SBI offering an SMS or GPRS m-banking service called SBI FreedoM for mobile banking. The new USSD based Mobile Money service is instant, easy to use and work without any Mobile Internet service facility on mobile phone.
The BSNL Postpaid or Prepaid customers will have to register for the services with SBI. The user has to dial *595# to view simple menu choices and key-in your choice (check below PPT for details). Customers will be able to view account balance, get mini statements, do Fund Transfer, change MPIN or recharge their mobile account. He will also receive confirmation regarding successful transaction over USSD SMS.
jigar July 19, 2012 at 12:43 pm
Sory bro… u r totally wrong, i’m changing handset 3 times in last 2years, no problem state bank sms banking working properly after re-registration of sbi freedom service,if u have any doubts then go on sbi sites and clear all doubts…
P.R.Parameswaran July 19, 2012 at 11:23 am
State Bank Freedom is always giving problems. For example if you change your mobile handset then you are permanantly loosing the facility of Mobile banking. I had this bitter experience and almost all officers who tried to settle this has failed and I am not having mob banking for the last 2 years
xxDxx July 18, 2012 at 10:18 pm
wastage….of ? 15
normaly person using mobile bank tranj also need other communication of daily life so, normally he most mentain sms pack , will be cheaper then ? 15 wastage in only banking service. better go for sms pack and sms banking.
TAMAL July 18, 2012 at 11:09 am
@ANIRBAN
50,000/ month too dur ki baat….100 national sms ka kitna rupees wastage haii????
abhijith July 18, 2012 at 8:26 am
Wow Bsnl
Priyobroto July 18, 2012 at 7:48 am
@ANIRBAN
You are right. But USSD is free of charge. So you can get info of your SBI, unlimited times for only Rs 15. At Rs 15 you will get info of SBI 30 times via SMS(If we take 50 paisa per SMS as a standard std sms rate). So depending on customers need they can choose the way of getting info. This USSD is an added facility for SBI customer. Isn’t it?
sunny July 17, 2012 at 11:57 pm
How 2 downlod tht ppt in PDF format…??
ANIRBAN July 17, 2012 at 11:54 pm
And also its free of charge,only normal sms charge applied.so kyui 15rs waste kare.
sunny July 17, 2012 at 11:35 pm
bsnl rocks
jigar July 17, 2012 at 9:54 pm
I am used sms banking of sbi freedom from last 2 years over sms(limit50,000/month),normal STD sms charges apply on transaction over sms.same procedure as above registration procedure but instead of dialing ussd i used this no.9223440000 for transaction over sms.
sujit July 17, 2012 at 6:38 pm
is incoming sms also blocked in jk??
Ussd is the thing exactly same as dialling *123# for checking balance. And every transaction occurs over ussd. You dont have to send any sms.
sujit July 17, 2012 at 6:34 pm
uninor, mts, videocon ke kitne circles me licences valid hain jo aap unhe count kar rahe ho..? And ussd mts me kaaam nahi karega as it is cdma.
shabir ahmad July 17, 2012 at 6:01 pm
unfortunately we will not be able to use this service because of Ban On Sms service in our state Of J&K
Rajive Borde July 17, 2012 at 5:56 pm
*595# not working with Uninor, MTS, Videocon etc
ek baar vo bhi check kar lo
sujit July 17, 2012 at 5:41 pm
*595# works even with airtel and vodafone.
I guess bsnl is the last one to join sbi..