IMPS: Transfer Money Anytime

Published: 05th July 2011
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Mobile banking with IMPS can be done only through iMobile application available on most phones. All IMPS registered customers can be beneficiaries as well to receive money from any participating bank.

For using interbank mobile payment service (IMPS) of ICICI Bank, one needs to have a Savings account with this bank. Once a customer registers for mobile banking with IMPS, they receive an MMID number which is Mobile Money Identifier number. This number needs to be shared during any transaction through this service.

For instant mobile money transfer, the customer needs to do the following:
• Login to ICICI Bank iMobile
• Select Bank Account Menu
• Select Bank Account
• Select Instant Fund Transfer Service
• Enter 10 Digit Mobile Number, 7 Digit MMID and desired transfer amount
• Confirm entered details
• Enter random 3 of ATM/Grid Values
• Get receipt of transaction along with Transaction Reference Number

To receive money through this service, the customer needs to do the following:
• Login to ICICI Bank iMobile
• Select Bank Account Menu
• Select Bank Account
• Select Instant Fund Transfer Service
• Share MMID number
• Money gets transferred to the beneficiary’s account
• The sender gets an SMS notifying successful money transfer

You can revert to the IMPS FAQs section to get more details for the same.

Instant mobile money transfer can be done anytime any day irrespective of the holidays and bank timings. There is a limit on the value of transactions though. The existing customer can send or receive only upto Rs 50,000 per day. Mobile banking with IMPS is safe and secure as security features of iMobile apply in this case as well. For anybody using this service, they need to be a registered mobile banking customer, have iMobile login pin to access the iMobile application and possess a physical card to authenticate the transaction using the grid card values. Also just before the transaction, MMID number entered by the customer is verified with the account number. In case this number doesn’t match, the transaction is not done.

Also in case the transaction is not complete, a complaint can be launched with ICICI Bank’s call center by mentioning:
• Senders Mobile Number
• Sender Account Number
• RRN (Transaction Reference Number)
• Date of Transaction
• Beneficiary Bank Name
• Beneficiary Mobile Number
• Beneficiary MMID
• Amount of Transaction

The customer’s query would be resolved within 9 working days.

Interbank Mobile Payment Service (IMPS) - Now with IMPS you can send money instantly from your savings bank account using your mobile number along with a 7 digit Mobile Money Identifier number. Mobile banking with IMPS can be done only through iMobile application available on most phones.


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