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Mobile Banking Important Facts

Updated on Thursday, 28 September 2017 - 5:47pm
  1. You can now use your mobile phone to daily transfer upto Rs. 5000 and make payment for
    purchase of goods/services upto Rs. 10,000
  2. All banks which are licensed and regulated in India, have a physical presence in India and have
    implemented core banking solutions are permitted to offer mobile banking services through their
    branches Business Correspondents.
  3. Customers of banks and/or holdersof debit/credit cards can use these services.
  4. At present, mobile banking services are offered for domestic transactions.
  5. Customer complaints/grievances arising out of mobile banking facility are covered under the
    Banking Ombudsman Scheme
  6. Banks are required to tell you about risks, responsibilities and liabilities white using mobile banking
    services
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