One of the innovative payment service launched by NPCI includes *99# service, which works on Unstructured Supplementary Service Data (USSD) channel. This service was launched envisioning the potential of Mobile Banking and the need for immediate low value remittances which will help in financial deepening and inclusion of underbanked society in the mainstream banking services. *99# service was launched by the PM in 2014 as part of Pradhan Mantri Jan Dhan Yojana (PMJDY). *99# service has been launched to take the banking services to every common man across the country.
Key services offered under *99# service include, interbank account to account fund transfer, balance enquiry, mini statement besides host of other services. *99# service is currently offered by leading banks and all GSM service providers and can be accessed in 12 different languages including Hindi & English.
