NUUP -Banking Awareness For SBI 2018

NUUP (Banking Awareness for SBI PO MAINS,SBI CLERK MAINS 2018,& other Banking Exams)

What is NUUP ?

NUUP (National Unified USSD Platform) is a USSD based mobile banking service from NPCI that brings together all the Banks and Telecom Service Providers. In NUUP, a customer can access banking services by just pressing *99# from his/her mobile phones. This service works across all GSM mobile handsets

What is USSD ?

Unstructured Supplementary Service Data (USSD) is a technology unique to GSM (Global System for Mobile Communications) handsets. It is a capability built into the GSM standard to support transmitting information over the signaling channels of the GSM network. USSD provides session-based communication, enabling a variety of applications. USSD technology, which was primarily used in the field of telecommunication, is going to make a significant impact in the field of banking services through NUUP.

What are the key benefits of NUUP ?

Accessible through common code - *99# across all Telecom Service Providers.Works across all GSM mobile handsets. No application installation required on the mobile handset and the service also has interactive menu.Round the clock availability (functional even on holidays).Provides variety of Banking and Value added service.GPRS is not required-works only on voice connectivity.Additional channel for banking and a Key catalyst for spreading financial inclusion reach.No additional charges while roaming.

What are the services available under NUUP ?

NUUP has been launched with following services:

1. Non-Financial
2. Financial
3. VAS 

Non-Financial services:

Balance Enquiry- User can check his/her available balance of the bank account linked to mobile number.Mini Statement User can generate mini account statement for his/her bank account linked to mobile number.Know MMID *(Mobile Money Identifier)-User can know their MMID which was allotted to him/her by bank during mobile banking registration.Generate-PIN-User can Generate or Set the M-PIN. M-PIN or Mobile PIN is like a password and used for authenticating financial transactionsChange M-PIN-User can change the M-PIN. M-PIN or Mobile PIN is like a password and used for authenticating financial transactions.Generate OPT-User can generate One Time Password (OTP) which can be used for different transactions as a second factor of authentication.

*MMID-Mobile Money Identifier, a 7 digits code, allotted by bank when user registers for mobile banking.

Financial services

Fund Transfer using Mobile No. and MMID-User can transfer fund by using MMID and Mobile number of the Beneficiary.Fund Transfer using IFSC and Account No. - User can transfer fund by inputting IFS code and Account number of the Beneficiary.Fund Transfer using Aadhaar-User can transfer fund by inputting Aadhaar number of the Beneficiary

How do I use the NUUP service ?

The Service is available to all customers having a Bank account. A customer needs to register himself/herself for mobile banking. The customers already using mobile banking service will be able to use the service over USSD without any additional registration by just dialling *99# from their handset. The users, not registered for mobile banking service have to contact their respective banks for the registration.

What is MMID ?

MMID stands for Mobile Money Identifier. MMID is a 7 digits code issued by participating banks to their customers for availing IMPS. MMID is issued to only those customers whose preferred mobile number is registered with the bank. Different MMID’s can be linked to same Mobile Number (Please contact your bank for getting the MMID issued).

From-  https://www.psbindia.com/content/faq-nuup