MOBILE BANKING

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MOBILE BANKING SERVICES

State Bank FreedoM – Your Mobile Your Bank

Away from home, bills can be paid or money sent to the loved ones or balance enquiries done anytime 24x7 !!!That is what State Bank FreedoM offers -convenience, simple, secure, anytime and anywhere banking.

The service is presently available on java enabled mobile phones over SMS/ GPRS/ WAP as also non java phones with GPRS connection. The service can be availed over the free GPRS facilities offered by various mobile service providers. The services for other non-Java mobile phones are under development and will be offered using Unstructured Supplementary Services Data (USSD).

The following functionalities will be provided in the Phase I :

-Funds transfer (within and outside the bank –using NEFT)

-Enquiry services (Balance enquiry/ Mini statement)

-Request services (cheque book request)

-Bill Payment (Utility bills, credit cards)

-M Commerce (Mobile Top Up, Merchant payment, SBI life insurance premium, Recharge of Tatasky/Big TV etc)

Business Rules Governing Mobile Banking Services:

  • The Mobile Banking Service will be available to all the customers having a satisfactory running account (Current/ Savings). The customers will have to register for the services.
  • Daily transaction limits for fund transfer and bill/ merchant payment is Rs. 50,000/- per customer with an overall calendar month limit of Rs. 2,50,000/- .
  • The service will be carrier-agnostic i.e. all customers can avail the mobile banking service with the Bank irrespective of the service provider for their mobiles.
  • The service is free of charge. However, the cost of SMS / GPRS connectivity will have to be borne by the customer.