NEW DELHI: Telecom operators will make short code messages used for banking services free till December 31, a move aimed at fuelling cashless transactions following the Government move to scrap high value notes of Rs 1000/500.
The development came soon after telecom regulator Trai cut the charges to 50 paise, down from Rs 1.50.
“At present, a charge is being levied by telecom operators for mobile banking, which is commonly known as USSD charge,” Telecom Minister Manoj Sinha said in a tweet.
To facilitate use of electronic banking facility and reducing difficulty for the common man, telecom operators have decided to waive the charges for mobile banking services till December 31, 2016, he added.
“This move will help people with feature phones to access electronic banking facility without incurring any additional cost till December 31, 2016,” he said. (AGENCIES)
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