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What is the difference between SMS Banking and Mobile Banking?

April 26, 2017Banking difference mobile SMS

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What is the difference between SMS Banking and Mobile Banking?

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SMS Banking is being offered as a convenience banking service where customers can receive information based on SMS requests they place in a specified format. This service can be accessed by any customer having a registered Mobile phone number with us. Mobile Banking is an advanced technology service that we are offering to our customers who have access to GPRS subscription and a GPRS enabled mobile handset. Using Mobile banking you can perform many more transactions in a secure and convenient way compared to SMS banking. These include facilities like Fund transfer and Investments in Mutual Funds.