Indian Bank Interbank Mobile Payment Services (INB-IMPS)
 
          As an enhancement to mobile banking facility, Interbank Mobile Payment Services (IMPS) facilitates instantaneous mobile to mobile funds transfers through Mobile phones.

What is IMPS?
IMPS is an instant inter bank electronic funds transfer service through mobile phones and it facilitates the customers to use mobile instruments as a channel for remitting/receiving funds. This service allows customers to do fund transfer between the bank accounts by using mobile as a channel instantly in real time manner.
The Interbank remittance request initiated from a mobile is as instant Real Time transactions. This facility will ensure customer satisfaction as it provides immediate credit of beneficiary account when a fund transfer request is made through their Mobile handsets on 24 x 7 basis.

Who is eligible for availing IMPS fund transfer facility?

• Our Bank Customer whose mobile number is registered with the Bank
• The customer needs to hold one or more active SB/CA with our bank. Each account will be identified by Mobile Money Identifier (MMID).
• The customer should have availed mobile banking with valid MPIN if he/she wants to remit funds through mobile. He can also receive funds from other remitters.
• The customer who has not availed mobile banking facility (Valid MPIN) can only receive funds.

How the accounts of the customer are identified?

• The customer should register for every account he wishes to have MMID by sending SMS to the bank.
• The bank will generate MMID to each account and reply to the customer’s mobile.

How the accounts of the customer are identified?

• The customer should register for every account he wishes to have MMID by sending SMS to the bank.
• The bank will generate MMID to each account and reply to the customer’s mobile.
• While requesting for funds transfer, the account of the remitter / beneficiary are identified by respective mobile number & MMID
• At any point of time the customer can cancel the MMID for one of his accounts or all accounts by sending SMS to the bank

Find Transfer Limits :

• Presently, transactions upto Rs. 50,000/- (through J2ME Application) can be facilitated through Mobile Phones.

List of banks offering IMPS Service :

• The list of banks offering IMPS will be available on NPCI website www.npci.org.in.


Workflow on Interbank Mobile Payment Service (IMPS)

How to generate MMID for the customer?

The customer should type “MMID <Account no>” and send SMS to 9444394443 from his/her registered mobile number. The customer will get a reply message with the MMID generated for the account number mentioned in the message

SMS Format: MMID 706751234

Reply Message: Your MMID allotted for the A/C No. XXXXX1234 is 9019234.

SMS Format: IMPS 9988776655 9015123 500 3344 9019467

9988776655 - Beneficiary Mobile Number
9015123 - Beneficiary MMID
500 - Amount to be remitted
3344 - MPIN
9019467 - Remitter MMID

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