Reliance Communications has announced the launch of mobile banking services in association with the State Bank of India (SBI). With this, Reliance customers can use facilities like balance inquiry, mini statement, fund transfer, cheque book issuance, mobile recharge and bill payment at any time and place on their mobile phones.
The subscribers will not require any special mobile application or GPRS to use the service, but they should have an active current/savings account with SBI. The customers will have to register for the services with the bank.
The user has to dial *595# to view simple menu choices and key-in your choice. Customers will be able to view account balance, get mini statements, do fund transfer, change MPIN or recharge their mobile account. They will also receive confirmation regarding successful transaction over SMS.