Sure almost all banks’ these days have a mobile banking application for you to check your balance at any time instead of going to ATM or your branch. But obviously not everyone will be comfortable using mobile apps. But surely everyone knows how to check their mobile balance (talk time) right? It’s a very simple process of dialling *123# (or a similar USSD code according to your operator). How about using the same process to check your bank balance?
Would be really useful right..
If the efforts of NPCI, National Payment Corporation of India, take good shape, you would soon be able to do just that. Obviously, your mobile number should be registered with your bank and linked to your account for this to happen.
For now, this is just a proposal by NPCI and should take some time to come into effect. Not only does this make the job of user much simpler, it also saves some money for the banks’ and the ATM’s can be used for the main purpose that they are meant to be, to withdraw money.
Although you are allowed to check your balance for free, 5 times a month, at third party ATM’s, your bank needs to pay for every balance request that you make at other bank’s ATM’s. So by pushing balance enquiry’s to more convenient mobile phone’s, banks’ will also be at benefit apart from the users themselves.