Reliance launches 'Mobile Banking Services with SBI' for GSM Subscribers

• Dial *595# to view series of simple menu choices of mobile banking services
• Offers convenience of simple, secure, anytime & anywhere banking

Reliance Communications (BSE: RCOM), India’s largest integrated telecom operator today launched ‘Mobile Banking Services’, its new VAS service in association with SBI. Reliance Consumers can use facilities like balance inquiry, mini statement, fund transfer, cheque book issuance, mobile recharge and bill payment at any time and place through  the use of their cell phones.

Reliance Subscribers will not require any special mobile application or GPRS to use the service, but they should have an active current/ savings account with SBI. The customers will have to register for the services with SBI. The user has to dial *595# to view simple menu choices and key-in your choice. Customers will be able to view account balance, get mini statements, do Fund Transfer, change MPIN or recharge their mobile account. He will also receive confirmation regarding successful transaction over SMS.

Announcing the launch of new service, Mr. Mahesh Prasad, President-Wireless Business, Reliance Communications said,” Consumers use their cell phones to play games, read news headlines, surf the Internet, do online trading, share documents, write blogs, do chatting, listen to music, book a ticket for movie, etc. And still consumers continuously keep demanding more and more from their phones. This mobile banking service is yet another useful service for our customers, they can now avoid those long queues at the SBI branches”

About Reliance Communications:
Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 132.2 million including over 2.5 million individual overseas retail customers, ranks among the Top 4 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.