Saturday, July 7, 2012

Interbank Mobile Payment Service (IMPS) - Instant Try it !!

IMPS offers an instant, 24X7, interbank electronic fund transfer service through mobile phones. IMPS facilitate customers to use mobile instruments as a channel for accessing their bank accounts and put high interbank fund transfers in a secured manner with immediate confirmation features.

Registration for Remitter:
  • Register yourself for mobile banking service with 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:
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 Beneficiary (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

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