2016
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Union Bank of India
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Corporation Bank
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Punjab National Bank
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Allahabad Bank
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Detailed explanation-1: -*99# service has been launched to take the banking services to every common man across the country. Banking customers can avail this service by dialing *99# on their mobile phone and transact through an interactive menu displayed on the mobile screen (available only for live TSPs).
Detailed explanation-2: -*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-3: -Unstructured Supplementary Service Data (USSD) allows users without a smartphone or data/internet connection to use mobile banking through the *99# code. USSD-based mobile banking can be used for fund transfers, checking account balance, generating bank statement, among other uses.
Detailed explanation-4: -Initiated by the Government of India and developed by the National Payments Corporation of India (NPCI), it facilitates access to banking services from mobile phones.