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Immediate Payment Service (IMPS)

IMPS is an innovative real time payment service that is available round the clock. This service is offered by National Payments Corporation of India (NPCI) that empowers customers to transfer money instantly through banks and RBI authorized Prepaid Payment Instrument Issuers (PPI) across India.

Key featuers of IMPS are as follow:-

  • Instant fund transfer (Up to 2 Lac)
  • Available 24 x 7 (functional even on holidays)
  • Safe and secure, easily accessible and cost effective
  • Channel Independent can be initiated from Mobile
  • Debit & Credit Confirmation by SMS

Services available under IMPS

Funds Transfer and Remittances
1. Sending Money
2. Receiving Money

How to get IMPS enabled?

Registration for Remitter (Sender) :

  • 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).

Registration for Beneficiary (Receiver) :

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

How do I transfer funds using IMPS?

The sender enters receivers details like:
1.MMID & Mobile no. or Account number & IFS Code
2.Amount to be transferred
3.Remarks/Payment Reference number
4.Sender’s M-PIN
Both sender & receiver get SMS confirmation.

For More Information about IMPS, visit this link.

IMPS FAQs (Frequently Asked Questions)

IMPS Live Members