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mobile bankif you can now use your mobile phone to daily  transfer up to RS.5000 and make payment for purchase of goods/services up to RS.10,000.all banks which are licensed and regulated in India,have a physical presence in India and have implemented core banking solutions are permitted to offer mobile banking service through their branches/business correspondents.customers of banks and /or holder of debit/credit cards can use these service.

At present,mobile banking service are offered for domestic transaction.customer complaints/grievances arising out of mobile banking facility are covered under the banking ombudsman scheme.

bank are required to tell you about risks,responsibilities to tell you about risks,responsibilities and liabilities while using mobile banking service. 

you wont more information  here:

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