Neither 4G/3G/2G internet nor an app is required, you only need to have a featured phone to transfer money by just dialling *99# through your dial pad. Designed USSD codes will help you in doing financial transactions as well as non-financial transactions with an ease. NPCI has aggressively come up with its new NUU Platform.
Before using NUUP services, however, make sure that you have registered yourself for mobile banking services. Also, before doing any transaction, keep a few things ready like IFSC, account number, MPIN, beneficiary details, etc.
What is NUUP (National Unified USSD Platform)?
The way we do IMPS through net-banking, NUUP, based on the same platform, is a USSD based mobile banking services which have conceptualised and brought banking and telecommunication services altogether. The services can be availed by dialling *99# irrespective of any telecom service provider (Airtel, Vodafone, Idea, etc.) you are using in your phone.
USSD (Unstructured Supplementary Service Data) is a technology built for GSM (Global System for Mobile Communications) for exchanging information (text messages) over the signal channels of GSM network. The use of this technology will help the banking services to go digital in various financial, non-financial services and value added services (VAS).
NUUP do not require any application to be installed on the phone. You need to dial the numbers and follow the steps as and when appears on the screen. Make sure that you are using a GSM mobile handset as it works only for GSM mobile phones not for the CDMA ones. It provides you services 24×7 including holidays. It will accelerate the financial inclusion reach. It does not charge any additional roaming cost. However, TRAI has set a maximum ceiling of Rs.1.5 per transaction for accessing NUUP eventually rates can differ as per the telecom service providers (Airtel, Vodafone, Idea, etc.) requirement.
Who can use NUUP?
Any customer who has a bank account. And has registered himself for mobile banking can avail the service through their featured phone. In fact, there is no language bar NUUP can be accessed in 11 multilingual languages. Dial the following shortcodes and get the services of balance enquiry, mini statement, fund transfer through IFSC and account number – *99*22# Hindi, *99*23# Tamil, *99*24# Telugu *99*25# Malayalam *99*26# Kannada *99*27# Gujarati *99*28# Marathi *99*29# Bengali *99*30# Punjabi *99*31# Assamese *99*32# Oriya.
What are the services under NUUP?
NUUP is a technology that provides you not only banking services but also various other non-financial, value added services too.
Under the umbrella of financial services, NUUP offers you to do fund transfer through three channels, using MMID and mobile number of the beneficiary. Secondly, IFS Code and account number of the beneficiary. Thirdly, by using aadhaar number of the beneficiary. To know the status of PM Jan-Dhan Yojna & the status of aadhaar card linking you need to dial code *99*99#. Through NUUP you can do daily transactions of a maximum of Rs.5000.
Under the umbrella of non-financial services you can track your account balance, mini statements, know your MMID, generate your M-PIN or OTP.