FUND TRANSFER USING IMPS SERVICE ON “iMobile” - APPLICATION.

02/17/2017

Immediate Payment Service - IMPS is an interbank electronic money transfer service through mobile phones. This service helps you to access your bank account, and you can transfer your fund instantly with more security.These services are available 24/7 for the whole yer including the bank holidays. The IMPS services as founded in 2010.

These services were first started with State Bank Of India, Union Bank Of India and ICICI Bank. It is then expanded to HDFC Bank, Yes bank, Axis bank.

Benefits Of IMPS Services

1. The main advantage of IMPS is that can be used on internet banking, mobile phone and ATMs.

2. The credit card and debit card information are served immediately by SMS.

3. The IMPS Services are more secure, cot effective and safe.

4. There is no time limit in amount during fund transaction.

5. The fund transfer can be easily done using Aaadhar number, Mobile number and MMID.

6. The money will be credited within few seconds.

The Beneficiary account will create immediately when your fund transfer request is made through Internet Banking / Mobile phone. You can use this service throughout the year without any interruption, which means you can use it for 24/7 all the days in the calendar.

You can use IMPS from both the Mobile or Internet. While using IMPS in the mobile phone, you no need ifsc code of your beneficiary to transfer the fund. It's a simple process. If you want use IMPS for money transfer, then you will need a 7-digit MMID (Money Mobile Identifier) number.

Generate your MMID - Send an SMS to 9222208888 along with last 4-digits of your account number, then Immediately you will get a message with your MMID.

Fund Transfer Using IMPS

Step 1: Launch "iMobile" Application and choose Bank Account menu

Step 2: Select your Account for "IMPS Fund Transfer."

Step 3: Select "IMPS Payments" and "IMPS Mobile Number."

Step 4: Enter the amount you want to transfer along with "7 Digit MMID Number" and your beneficiary 10-Digit Phone Number.

Step 5: Once you confirm the details, enter the 3 grid values presented on the backside of your ICICI Debit card for authentication. (eg: N=58, K=45, P=75).

Step 6: Once your details are verified from the ICICI Bank database, the money will transfer instantly to your beneficiary. You will receive the message about this transaction.

By using this method, you can send money to any icici bank branches and send to other banks also.

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