Banking services on your palm:Just dial *99# from any handset
Press Trust of India: Mumbai, Nov 27 2012, 02:22 IST
that the *99# connectivity is under the unstructured supplementary service data (USSD) platform where each dial-in results in a live connection with the banks server," Hota said, adding the existing services are bipartisan deals between a bank and a telco while the model eliminates this bilateral connectivity.
On the service charge, Hota, said currently, 25 paise is being paid by NPCI to the telcos since the project has started three months ago on a pilot basis.
At the Bancon, Chidambaram had described the government plan to shift most subsidies to direct cash transfer model using the Aadhaar-enabled bank accounts from January 1. He had also set a December 31 deadline for banks to ensure that all beneficiaries have Aadhaar numbers linked to their bank accounts and to ensure that those without an account are given one.
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