Effective 15th May 2015, below Service charges will be levied on all IMPS Outgoing transactions
Slabs (Rs)
|
Revised Charges (Excluding Taxes)
|
Upto Rs, 10,000
|
5
|
10,001 Upto 100,000
|
5
|
100,001 Upto 200,000
|
15
|
How to make imps money transfer payment
How to make imps money transfer payment
- IMPS is inter-bank mobile payment service that enables you to make payment through your bank account via mobile.
- For a successful IMPS transaction, you will need to enter your mobile number registered with the bank, MMID issued by the Bank, and OTP issued by the bank
- MMID (mobile money identifier) is 7-digit number issued by bank to customer upon mobile banking registration
- OTP is one-time password issued by bank to customer for payment transaction. OTP is valid for one hour and for one transaction - success or failure. (The transaction amount will depend on the limits set by the Customer’s Bank.)
- Procedure for imps registration varies for every banks including mobile number registration, MMID, OTP generation, and banks enabled on IMPS,