To facilitate mobile banking for financial inclusion, the telecom watchdog TRAI has prescribed ceiling tariff for use of USSD for USSD-based mobile banking service.

It aims at establishing a framework to facilitate the agents of the banks to interface with the access service providers for use of SMS, USSD and IVR channels to provide mobile banking services.
 
TRAI has prescribed that ceiling tariff for an outgoing USSD-based mobile banking service shall be Rs 1.50 per USSD session.
 
It said that telecom service providers should collect charges from their subscribers for providing the USSD to deliver mobile banking services.
 
Trai Chairman Rahul Khullar said that the authority wants to utilise the benefits of mobile banking for financial inclusion.
 
TRAI also said that the maximum number of stages for completion of a mobile banking transaction has been increased from two to five.