What Is USSD Banking

Banking has advanced by leaps and bounds in the decade since the debut of mobile phones. There isn't much you can't do these days with the aid of your smartphone. Internet and mobile banking have undoubtedly simplified day-to-day banking operations, allowing banks to focus on a variety of complementary at-home services. USSD is one of these mobile banking services. But what exactly is USSD? Let's have a look.

What is the United States Short Code Service (USSD)?

First and foremost, what is USSD stand for? Unstructured Supplementary Service Data is abbreviated as USSD. It's a mobile banking feature that allows account holders to utilise mobile banking even if they don't have a smartphone or access to the internet. Users can use the *99# code to obtain information on a variety of financial operations, including checking account balances, moving cash, creating bank statements, and other similar services.

Now that we've established what USSD is, let's look at its main goal. The USSD *99# payment solution, which was launched by the National Payments Corporation of India (NPCI), was created to give mobile banking services to members of the economically poorer parts of society who were previously underbanked. The facility's goal is to help these people integrate by providing them with the appropriate mainstream financial banking options. The NPCI has made USSD services available in 12 distinct regional languages, including English, Hindi, Marathi, Bengali, Gujarati, Kannada, Tamil, and others, to guarantee that people from all parts of India may use them.

WHAT IS USSD AND HOW DOES IT WORK?

If you want to utilise USSD, you must first register by following the procedures below:

From your registered phone number, dial *99#. (RMN).

Enter the first four letters of your bank's IFSC or the name of your bank.

Choose a bank account from the drop-down menu of bank accounts with the same RMN.

Enter Your debit card's last six numbers.

Fill in your expiration date.

Make a UPI PIN for yourself.

Please call *99# afte