There is news of relief for the customers of State Bank of India. In fact, the bank has waived SMS charges on mobile fund transfers. SBI has informed that by using USSD services, customers can now easily transact without any additional charges.
SBI tweeted and wrote SMS charges on mobile fund transfer now waived off! Customers can now easily transact without any extra charges. Just dial *99# and avail banking services absolutely free.
The bank further said that customers can avail the services at no extra cost, including sending money, request money, account balance, mini statement and change UPI PIN.
You can take advantage of these services:
Services that can be availed through this service include: sending money, requesting money, checking account balance, receiving mini statement and changing UPI PIN.
SBI said that users can now easily transact without any additional charges by using USSD services. Those who have feature phones will benefit the most from this decision.
Learn what is USSD technology?
USSD is a technology platform through which information can be transmitted via GSM network to a basic phone. It is available on all mobile phones with SMS facility.
USSD Mobile Banking can be used to transfer funds, check account balance, generate bank statements, etc. It aims to allow financial inclusion of economically weaker sections and those with less banking facilities. SBI’s decision will benefit those consumers who own more than 65 per cent of India’s one billion mobile phone users with feature phones.