State Bank of India has released a new hallmark named ‘ Mobicash Easy’ on 31st of December, 2012. In initial phase it is started in Mumbai and Delhi. After arrival of this service one can use his mobile as a wallet and transfer money and pay utility bills from his mobile handset. It is a prepaid mobile banking based application. Initially Mobicash Easy can be used in New Delhi and Mumbai.
With the service of Mobile wallet we can not only recharge prepaid mobile and Digital T.V, pay utility bills, check balance, view account statement, transfer money from this mobile wallet to any bank account or any other wallet, make payments for shopping, but also deposit and withdraw cash.
Account holders of SBI may activate the Mobi cash facility, To do so, go at the branch of State Bank of India (SBI). one should have a valid mobile number of any operator, which should be registered in their relevant branch of State Bank of India . you have to submit application form along with your identity and address proof.
Facilities of mobile wallet can be got beyond the regular banking hours.