Overview
Explore USSD banking, a service for feature phones that allows financial transactions without internet, crucial for rural connectivity.
USSD Banking (*99#): Feature Phone Payments
USSD (Unstructured Supplementary Service Data) banking, also known as '*99# service' or 'NUUP' (National Unified USSD Platform), is a mobile banking service that allows users to access financial services on their feature phones without needing an internet connection or a smartphone app. It works on the GSM network, making it accessible even in areas with limited data connectivity.
How to Use USSD Banking (*99#):
Dial *99# from your registered mobile number. A menu will appear with various banking options. You can then select the desired service by entering corresponding numbers and follow prompts to complete the transaction using your MPIN (Mobile Banking Personal Identification Number).
Services Offered:
- Balance Enquiry: Check your account balance.
- Mini Statement: View the last few transactions.
- Fund Transfer: Send money to another bank account using their account number and IFSC, or their mobile number (MMID).
- MPIN Management: Change or generate MPIN.
Benefits:
- No Internet Required: Works on basic feature phones.
- Accessibility: Available 24/7, even in remote areas with only voice call connectivity.
- Simplicity: Easy to use menu-driven interface.
- Security: Transactions are secured with an MPIN.
Limitations:
Transaction limits apply, and the interface can be slower than app-based banking. Each session typically costs a nominal charge.
Exam Tip:
Know that *99# is for USSD banking and does not require an internet connection. Understand its importance for financial inclusion among feature phone users.