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Mobile Banking Service - Inter-bank Mobile Payment Service (IMPS)


Posted Date: 28-Oct-2010  Last Updated:   Category: Articles    
Author: Member Level: Diamond    Points: 5



Under IMPS, one can send or receive money using mobile number and an additional 7 digit MMID number.

How to get MMID number?

The customers who register for SBI's Mobile Banking Service will be issued 7 digit MMID for the primary account registered.
All other customers can register their mobile number at SBI ATM as detailed below to get MMID for their primary account:

Swipe your Debit Card > Select Mobile Registration> enter ATM PIN > Select SMS /Secure Code / IMPS > enter your mobile number > Confirm.
Under the scheme there is no need to register the payee/beneficiary and Transfer of funds is real time i.e. the credit will hit beneficiary's account almost instantaneously.

Only our Mobile Banking customers (who use the Service over J2ME application) can remit money under IMPS. However, all customers can receive funds in their accounts using this Service.

If you wish to receive funds through IMPS, please register your mobile number with the Bank and get 7 digit MMID. For receiving remittance, you will share your mobile number and MMID with the person sending money (remitter).

7 digit MMID number will be sent to you over SMS on the mobile number used for registration.

How to transfer funds using this Service?

To transfer funds using this Service, please follow the steps as under:

Open the mobile banking application

Select Funds Transfer > Select Mobile to Mobile Transfer (IMPS) >enter mobile number of the payee > enter MMID > Enter purpose (optional) >enter amount > select account to be debited
Choose OK
Enter MPIN
Choose confirm and send the request.

Forgotten your MMID?
Call toll-free number 1800 425 3800.
Chose Mobile Banking ( Option 5)
You will be attended to by Customer Service Representative.
Provide Mobile Number.
You will be asked to validate certain particulars.
On successful validation, MMID will be sent by SMS to you


Participating Banks



STATE BANK OF INDIA
AXIS BANK
BANK OF INDIA
ICICI BANK
UNION BANK OF INDIA
YES BANK


Read related articles: IMPS    

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