For Quick Alerts
For Daily Alerts

ATMs To Have Mobile Banking Registration Facility: RBI


The Reserve Bank of India (RBI) have asked banks to have a facility for customers to register for mobile banking at all their ATMs latest by 31st March 2016.

RBI has been encouraging banks to leverage on the mobile channel for widening the access to banking services.

Irrespective of whether the services are offered through SMS, USSD or application channels, customer registration for mobile banking is critical.

Banks should also strive to facilitate customer registration for mobile banking through other channels including internet banking, IVR, phone banking, the RBI said.

ATMs To Have Mobile Banking Registration Facility: RBI

Customer registration is an important pre-requisite for offering mobile banking services, banks should also use multiple channels to create awareness among their customers regarding mobile banking services and options available for customer registration.

Towards this end, RBI has been reiterating the need for simplification of procedure and greater degree of standardization in procedures relating to registering of customers for mobile banking.

Read more about: atms mobile banking rbi
Story first published: Friday, December 18, 2015, 10:03 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more