BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
*99# service had limited reach and only two TSPs were offering this service in the beginning. These two TSPs were-?
A
BSNL and Vodafone
B
Tata Indicom and Aircel
C
Airtel and Reliance Jio
D
MTNL & BSNL
Explanation: 

Detailed explanation-1: -*99# is a USSD (Unstructured Supplementary Service Data) based mobile banking service from NPCI that brings together diverse ecosystem partners such as Banks & TSPs (Telecom Service Providers). Using *99# service, a customer can access financial services by dialling *99# from his/her mobile registered with the bank.

Detailed explanation-2: -5000 per transaction. If I change my bank on *99# will I be required to register again or I can carry the same virtual address?

Detailed explanation-3: -Payment through IVR Number: Using UPI payment through pre-defined IVR numbers (080 4516 3666 and 080 4516 3581 and 6366 200 200), customers can use UPI services by calling to a predefined number. Select the option via keypad and avail the services of UPI.

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