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Reliance Launches Mobile Banking Services with SBI

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Reliance Communications (RCOM) today launched ‘Mobile Banking Services’, its new VAS service in association with State Bank of India (SBI).

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.

Reliance Subscribers will not require any special mobile application or GPRS to use the service, but they 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.