IMPS

IMPS offers an instant, 24X7, interbank electronic fund transfer service through mobile phones.IMPS is an emphatic tool to transfer money instantly within banks across India through mobile,internet and atm which is not only safe but also economical both in financial and non financial perspectives.

This facility is provided by NPCI through its existing NFS switch.

Pre-Requisites for Mobile Banking through IMPS

Registration for Remitter:

• Register yourself with the mobile banking service of the bank.
• Get Mobile Money Identifier (MMID) and MPIN from the bank.
• Download Software (Application) for mobile banking (ensure the compatibility of mobile with the application) or use the SMS facility in your mobile if your bank provides IMPS on SMS.

Registration for Beneficiary

• Link your mobile number to the account in the respective bank.
• Get Mobile Money Identifier (MMID) from the bank

For Remitter (To send money):

• Login to the application and select the IMPS menu from the IMPS or use the SMS facility in your mobile if your bank provides IMPS on SMS.
• Get Beneficiary Mobile number and MMID
• Enter Beneficiary Mobile number, beneficiary MMID, Amount and your MPIN to send.
• Await confirmation SMS for the debit in your account and credit in beneficiary account.
• Note the transaction reference number for any future query.

For Receiver (To Receive money):

• Share your Mobile number and MMID with the remitter.
• Ask the remitter to send money using your Mobile number and MMID
• Check the confirmation SMS for credit to your account from the remitter.
• Note the transaction reference number for any future query.