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RCom launches Mobile Banking Services

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CIOL Bureau
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RComMUMBAI, INDIA: Reliance Communications on Thursday launched Mobile Banking Services, its new VAS service in association with SBI, for the GSM subscribers.

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Reliance Consumers can use facilities like balance inquiry, mini statement, fund transfer, cheque book issuance, mobile recharge and bill payment at any time and place through the use of their cell phones, said a press release.

Reliance Subscribers will not require any special mobile application or GPRS to use the service, but should have an active current/ savings account with SBI.

The 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. 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 SMS.

“Consumers use their cell phones to play games, read news headlines, surf the Internet, do online trading, share documents, write blogs, do chatting, listen to music, book a ticket for movie, etc. And still consumers continuously keep demanding more and more from their phones. This mobile banking service is yet another useful service for our customers, they can now avoid those long queues at the SBI branches,” Mahesh Prasad, president-Wireless Business, Reliance Communications said.