New SMS-based service to be offered in association with India Post.

Bharat Sanchar Nigam Limited (BSNL) plans to launch in the near future a mobile banking platform that will help a mobile subscriber send money orders electronically through SMSes. The SMS by the sender will be encashable at all post offices in the country.

In the first phase of BSNL’s plan, anyone who wishes to send a money through the money (order) transfer service will have to go to his nearest post office and transfer the money by way of an SMS. The SMS will contain a unique code. The person who receives this SMS can go to his nearest post office and collect the money by showing the code.