National Payments Corporation of India (NPCI) has introduced USSD for mobile banking. It is an interoperable payment platform, comprising of customers 51 banks & 11 telecom operators in India, which provide basic banking services in 9 different languages, including Hindi & English, to under-banked / un-banked customers across India. USSD works both on smart phones and feature phones.
*99# service of NPCI uses the USSD technology to make banking services accessible wherever voice grade mobile signals are available. USSD works on feature phone and without internet. It will help rural accountholders to carry out fund transfer through mobile banking.