Mobile Banking in India

In India, Banking sector has became more customer friendly to provide banking services through mobile phone. It has gave an opportunity to customers to update themself about Account balance, transactions and do the transfer of amount from one Account to another. All the public and private sector banks in India have started providing their different services through mobile phone. Currently they are offering banking services through mobile free of cost (except some bank) but customers have to bear the cost of mobile service providers.

List of the banks offering banking services on mobile handset:

 





Mobile Banking
Some facts you need to know
You can use your mobile phone to daily transfer upto Rs 5000 and make payment for purchase of goods / services upto Rs 10, 000

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All banks which are licensed and regulated in India, have a physical presence in India and have implemented core banking solutions are permitted to offer mobile banking services through their branches / business correspondents

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Customers of banks and / or holders of debit/credit cards can use these services

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At present, mobile banking services are offered for domestic transactions

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Customers complaints / grievances arising out of mobile banking facility are covered under the Banking Ombudsman Scheme

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Banks are required to tell you about risks, responsibilities and liabilities while using mobile banking services

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Before using the mobile banking services, clarify with your bank regarding per transaction charges, monthly and annual charges

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Also, understand the entire process of money transaction through mobile from bank official
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After availing the mobile banking service facility, don’t give your mobile handset to your friend and other person

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In case of lost of your mobile handset, immediately inform your bank


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