Microfinance Focus, August 29, 2011: United Bank of India on Friday introduced ‘United Mobile Banking’ for extending mobile banking services to the unbanked segment of the society.

Leveraging the wide coverage of mobile phone networks in the country, the Bank will be offering services like balance enquiry, mini statement, cheque status, intra bank fund transfer (Mobile to Mobile and Mobile to Account), inter bank fund transfer through NEFT, stop cheque facility and ATM/Branch locater on the mobile phones of customers.

The beneficiaries can also get instant confirmation of their transactions on their handsets on real time basis without depending upon Business correspondent / hand held device etc.

Speaking at the launch, Bhaskar Sen,CMD of United Bank said, “The mobile banking service shall also  help the bank to reach out to the unbanked segments of the society under Financial Inclusion Plan,  wherein the unbanked segment of the society can easily perform their banking activities through  their own mobile handsets”.

In the near future, United Bank intends to introduce Inter Bank fund transfer through IMPS (Inter Bank Mobile Payment Service), Request based services (cheque book ,demand draft, account opening etc) and M-Commerce and Bill Payment.

Customers can do a maximum of 50 financial transactions per day using ‘United Mobile Banking’ and can transfer funds up to 2.5 lakhs per month. As of now, there shall be no registration charges for availing United Mobile Banking.

United Bank of India is a Public Sector Bank and has a presence in 28 states of India with a widespread network of 1600 branches.