IMPS

Sender- The customer has to do MMID Generation through Branch or Netbanking (only for Personal Internet Banking holders)

Receiver- The customer can share his/her Account number & IFS code or MMID with sender for receiving money. The receiver can register his/her mobile no. for getting SMS alerts for transactions.

Customers can either visit their base branch with a cheque and RTGS Application duly filled to transfer funds via RTGS. Customers can also transfer funds themselves using Internet banking / Mobile App by adding a beneficiary before executing any transfers.

Yes, every account needs to have its own separate MMID.

Mobile Money Identifier is a 7 digit number, issued by banks. MMID is one of the input which when clubbed with Mobile Number facilitates fund transfer. Combination of Mobile Number & MMID is uniquely linked with an Account Number and helps in identifying the beneficiary details

Using Beneficiary Mobile Number and MMID, OR

Using Beneficiary Account Number and IFS Code

IMPS transactions can be sent and received 24X7, (round the clock), including on holidays through Netbanking.

Money gets credited into the beneficiary account instantly.