USSD money transction

USSD money transaction is the process of transferring money from one bank account to another bank account through your telecommunication network. This transaction doesn’t require any internet connection or mobile balance.

What is USSD?

Unstructured Supplementary Service Data (USSD) is a communication protocol that is used in the GSM mobile network. USSD works by communication with banks, Telecom operator and NPCI. This tree parties collaborate together to take place in the USSD transaction.

Benefits of USSD banking

  • Works on any type of mobile phone even in basic mobiles.
  • Works without any internet connection.
  • Simply dialing *99# in your mobile you can access your banking features.
  • 24×7 Immediate Payment Service.
  • Balance Enquire, Fund transfer, Request payment, and many more.

How to get started with USSD money transaction?

In order to USSD service, you need to do some simple steps on your mobile. Follow the step by step instructions to get started with USSD service.

Step 1 – Registration

To use USSD service your mobile number should be linked with your bank account. If your mobile number is already linked with your bank account then you can able to register for USSD service.

  • Dial *99# from your mobile number.
  • Choose your preferred language and click send.
  • Now it will ask for your bank name or IFSC code or bank short name. Input the anyone of this and click send.
  • After that, you can see all your bank account that is linked to your mobile number.
  • Choose the bank account that you need to use USSD feature and click send.
  • Done. Finally, you can see a success message on your screen.

Step 2 – Setting up UPI Pin for USSD banking

This UPI pin is required for your all transaction you send from your bank or requesting for the fund.

  • Dial *99# from your mobile.
  • Now you can see the banking menu on the screen. From that, you can see the UPI pin option.
  • Enter the appropriate number of UPI pin option then click send.
  • Then select Set UPI pin option. And click send.
  • Now it will ask for your last 6 digits of your debit card number and expiry date.
  • Enter your last six digits number and expiry date like XXXXXX XXXX. (e.g) – 123456 1234 and press send.
  • Now enter your new UPI PIN and click send.
  • Re-enter UPI PIN and click send.
  • Done. Finally, you have successfully completed UPI PIN setup.

Step 3 – Sending money through USSD banking

After setting up UPI PIN you can able to send money from your bank account using USSD money transaction feature.

  • Dial *99# from your mobile.
  • Select the option Send money and click send.
  • There are various way to send money from USSD feature. There are, Send money by Mobile number, Aadhaar number, Payment address, Saved beneficiary and Account no & IFSC code.
  • Select any one of the options you like to transfer to.
  • Follow the screen instruction and complete the transaction.

Step 4 – Receiving money through USSD banking

You can receive money by requesting your payee by their mobile number or UPI address using USSD money transaction feature.

  • Dial *99# from your mobile.
  • Select the Request money option and click send.
  • Now enter the payee mobile number or UPI address and click send.
  • Enter the amount you need to request and click send.
  • Finally, you have successfully requested money to the payee.

If you are the payee that someone requested you for money. Follow the below steps.

  • Dial *99# from your mobile number.
  • You will see a menu that asks your UPI PIN to complete the transaction.
  • If you need to cancel the request enter cancel request number that shows on screen and click send.

Note: You need to respond within 10 seconds to complete the press otherwise you need to start again.

How to check my bank account balance using USSD banking?

Checking your bank account balance by USSD banking is easy. Just follow the steps below.

  • Dial *99# from your mobile.
  • Now choose an appropriate number that shows near Check Balance option.
  • Done. Finally, you can see your bank account balance on the screen.

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