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What Is USSD

Indian payment gateway

What is USSD

The innovative payment service *99# works on Unstructured Supplementary Service Data (USSD) channel. This service allows mobile banking transactions using basic feature mobile phone, there is no need to have mobile internet data facility for using USSD based mobile banking. It is envisioned to provide financial deepening and inclusion of underbanked society in the mainstream banking services.

*99# service has been launched to take the banking services to every common man across the country. Banking customers can avail this service by dialling *99#, a “Common number across all Telecom Service Providers (TSPs)” on their mobile phone and transact through an interactive menu displayed on the mobile screen. Key services offered under *99# service include, interbank account to account fund transfer, balance enquiry, mini statement besides host of other services. *99# service is currently offered by 51 leading banks & all GSM service providers and can be accessed in 12 different languages including Hindi & English as on 30.11.2016 (Source: NPCI). *99# service is a unique interoperable direct to consumer service that brings together the diverse ecosystem partners such as Banks & TSPs (Telecom Service Providers).

How to get it

  • Provide KYC (Know Your Customer) information to open a new account
  • Mobile no. should be  linked with bank a/c
  • Register for USSD/Mobile Banking
  • Get MMID (Mobile Money Identifier)
  • Get MPIN (Mobile PIN)

Service Activation

  • None
  • 1-2 minutes

What is required for Transaction

  • Remember MMID
  • Remember MPIN
  • Dial *99#
  • Registered mobile number with any phone (feature or smart)
  • Self Service mode

Transaction Cost

  • NIL by system
  • Rs. 0.50 charged to customer

Disclaimer: The transaction costs are based on available information and may vary based on banks.

Services Offered

  • Balance enquiry
  • Mini Statement
  • Funds transfer
    • MMID
    • A/c no.
    • Aadhaar
  • Know MMID
  • Change M-PIN
  • Generate OTP

Funds Transfer limit

  • Rs 5,000/day
  • Rs 50,000/annum

Disclaimer: The funds transfer limits are based on available information and may vary based on banks.

Service Available from no. of operators

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