Source: News Bharati English22 Nov 2016 16:35:13
New Delhi, November 22: Communication Minister Manoj Sinha said the telecom operators have decided to waive off charges for mobile banking services till 31st December, 2016. This step was taken in order to lessen the load over people who are struggling with cash crunch post demonetization, on Tuesday.
At present Unstructured Supplementary Service Data (USSD) charge is being imposed by telecom operators for the mobile banking. USSD (Unstructured Supplementary Service Data) is a Global System for Mobile (GSM) communication technology that is used to send text between a mobile phone and an application program in the network. Applications may include prepaid roaming or mobile chatting.
"There will be no USSD charges for mobile banking till 31st December 2016,"Manoj Sinha said. This will benefit people who have better access to mobile banking without incurring any additional cost."Also people can lodge complaints against any telecom operator and department of posts at my twitter handle @manojsinhabjp," he added.
To facilitate te use of electronic banking and reduce difficulty to the common man telecom operators have decided to waive off charges for mobile banking services till 31st December, 2016.