In coming days bank account holders will be able to access their accounts, transfer funds, check balances and request cheque books by simply dialing *99# from their basic mobile phones,including the most basic GSM handsets.

While some bank have already rolled out similar services for example in SBI it is *595# but now *99# will be a universal code to access account details across all banks.  *99# connectivity is under the Unstructured Supplementary Service Data (USSD) platform where each dial-in results in a live connection with the bank's server.
This is similar to the system used in pre-paid phones to check balances. The user's numerical literacy would be enough to operate the account .Best feature that I liked is that it not based on SMS or GPRS connectivity,  so there's no charge on the user end.

Most of us have came across the money transaction using Bank Cheque. We must have filled the cheque and have given to someone or you might have got the cheque to get it cashed. We just look at amount the ammount and submit for encashment :D .Have you ever noticed the four set of number on the bottom of cheque. What is number all about have you ever tried to find out what this number means. I am going to explain the meaning of that four set of number

There are basically four set of number present in Indian Cheque.

1) Cheque Number
First set of numbers represent the cheque number. It is a six digit number (refer image)

2)MICR code

MICR stands for Magnetic Ink Character Recognition. It is a method that helps route the cheque to where the money exist. This is used to efficiently transfer your money.