Reliance Communications launches mobile banking with SBI

Reliance Communications Wednesday said it has launched mobile banking services for its GSM subscribers in collaboration with the State Bank of India (SBI).

"Reliance consumers can use facilities like balance enquiry, mini statement, fund transfer, cheque book issuance, mobile recharge and bill payment at any time and place through the use of their cell phones," the company said in a statement.

The customers will not require any special mobile application or GPRS to use the service but they should have an account with SBI, it added.

The customers will also have to register for the services with the bank and will thereafter get messages for successful transaction.

The users will have to dial *595# to view simple menu choices and key in their choice.

"Consumers use their cell phones to play games, read news headlines, surf the internet, do online trading etc. And still consumers continuously keep demanding more and more from their phones," said Mahesh Prasad, president-wireless business, Reliance Communications.

"This mobile banking service is yet another useful service for our customers, they can now avoid those long queues at the SBI branches," he added.