*99#: A revolution in mobile banking

What is *99#?

Do you think mobile phone is used only for call and messages, Are you sure?You can use your mobile phone for a variety of services like mobile banking, but millions of people in India are not aware of this. What about them, how can they access mobile banking from their phones?

Benefits of *99#

The answer is one simple number *99#. Now everyone can access banking services using this simple number from their mobile handset. *99#  allows every banking registered customer to access banking services by dialing a common number for all banks.*99# works without internet and can be used from any GSM (Global System for Mobile communication) mobile handset smart or otherwise. Customers can avail Financial, Non Financial and Value added Services by dialing this common number from any part of the country. 

*99# Service is available in 12 languages and is available round the clock and there are no roaming charges for using the service.4

How to start this service:

To get started all you have to do is register your number for mobile banking services with your bank. Once registered simply dial *99# from your mobile to access the welcome screen. Once you are on the welcome screen enter a 3 digit bank name or first four letters of IFS code to access your bank menu. IFSC (Indian Financial System Code) is mentioned on your check book or your bank pass book. Bank short name is available on the website: www.npci.org.in and their social media pages.

You can get access to the services Financial, Non Financial and Value added Services by choosing the respective number.

For non-financial services you can avail:

• ·         Check Bank balance
• ·         Generate mini-statement           
• ·         Generate/Change MPIN (An MPIN is a personal code that allows you to access other government applications such as the Past Performance Information Retrieval System. The MPIN acts as your password in these other systems, and you should safeguard it)
• ·         Find MMID (Mobile Money Identification Number (MMID) is a seven digit number of which the first four digits are the unique identification number of the bank offering IMPS.)
• ·         Generate OTP at your convenience

*99# also allows to access Financial services as well:

• ·         Instant money transfer
• ·         You can now transfer funds using beneficiaries IFSC code and Account number or MMID & Mobile number or Aadhaar number

Apart from these services *99# also provides one value added service which allows the user to check Aadhaar seeding or linking status with the bank. This service can simply be availed by dialing *99*99# from your mobile phone. The story doesn’t end here. You can access your bank menu directly using any bank specific code. The list of banks can be downloaded from NPCI (National Payment Corporation of India) website mentioned above or you can contact your nearest bank for the same.

Now you can realize any phone can become mobile banking enabled phone all you need to do is get your mobile number registered for mobile banking services, keep the desired details like  beneficiary IFSC, Account number, MMID, mobile number etc handy while doing the transaction.

Happy Reading.