Organisation : Bank of Baroda (bankofbaroda.com)
Facility : SMS Banking Balance Enquiry, Cheque Status
Home Page :http://www.bankofbaroda.com/
For more details here :https://www.bankofbaroda.in/personal-banking/digital-products/phone-banking/sms-banking
SMS Banking :
SMS facility for simple and easy to use banking facility for the information based banking service like Balance Enquiry, Mini statement or status on a cheque.
Related : Bank of Baroda ePayment of Gujarat VAT : www.statusin.in/3853.html
Salient features of the product are as under :-
** It provides services like Balance Enquiry, Mini statement or status of a cheque. Customers having their mobile number already registered in CBS can avail this service, no separate registration is required.
** Customers of our Bank can avail the services by sending SMS from their registered mobile number on 5616150 with message as under. Charge of Rs.3/- will be applicable for this service for each SMS sent by the customer.
Balance Enquiry :
SMS Text BAL <space> Last 4 digit of account number (e.g. if account number is 27940100012345 type : BAL 2345) and sent text at 5616150)
Format in which message will be received : As on 29/05/13 11:33:11 Clear Bal in your a/c. XXXX2345 Rs. 2345.53.
Mini Statement :
SMS Text MINI <space> Last 4 digit of account number (e.g. if account number is 27940100012345 type : MIN 2345) and sent text at 5616150)
Format in which message will be received : Mini Stmt of A/c XXXX2345 1) 22-05-2013:100 Dr 2) 22-05-2013 1000 Cr 3) 21-05-2013 500 Dr Clear Bal Rs. 2345.53- as on 29/05/2013 11:47:30.
Cheque Status :
SMS Text CHEQ <space> Last 4 digit of account number <space> Cheque No. (e.g. if account number is 27940100012345 and cheque number is 006789 type : Cheq 2345 006789 and sent text at 5616150)
Format in which message will be received : Your Cheque (006789) has been paid.
The application is so designed that upon receiving the request from the customers, system will fetch the account numbers in which the sender’s mobile is registered and if the last four digits of such accounts match with the last four digits received in the message, the response to the request will be sent back to the sender’s number.
FAQs :
What are the benefits of a depository?
The benefits of participation in a depository are :
** Immediate transfer of securities
** No stamp duty on transfer of securities
** Elimination of risks associated with physical certificates such as bad delivery, fake securities , etc.
** Reduction in paperwork involved in transfer of securities
** Reduction in transaction cost
** Nomination facility
Who is a DP?
A Depository like NSDL(National Securities Depository Limited) or CDSL(Central Depository Services Limited)provides its services to investors through its agents called depository participants (DPs).
These agents are appointed by NSDL& CDSL with the approval of SEBI. According to SEBI regulations, amongst others, three categories of entities i.e. Banks, Financial Institutions and Members of Stock Exchanges registered with SEBI [brokers] can become DPs. You can get a list of DPs from NSDL’s or CDSL’s office.
Can I open more than one account with the same DP?
Yes. You can open more than one account with the same DP. There is no restriction on the number of accounts you can open with a DP.
Am I restricted to having account with only one DP?
No. There are no restrictions on the number of DPs you can open accounts with or the number of accounts you can open with a DP. Depository accounts are similar to bank accounts.
Just as you can have savings or current accounts with more than one bank, you can open accounts with more than one DP.