Organisation : A.P.Mahesh State Co-Operative Bank
Facility : Mobile Banking Registration
Registration form here : https://www.statusin.in/uploads/20040-Mobile-Banking.pdf
Website : http://www.apmaheshbank.com/
Mobile Banking :
Mahesh Bank Offers Immediate Payment Service (IMPS), a unique concept of mobile based account to account funds transfer for registered Bank account holders in collaboration with National Payments Corporation of India (NPCI).
Related : AP Mahesh State Co-Operative Bank Internet Banking : www.statusin.in/20035.html
Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones. IMPS would facilitate Mahesh Bank Customers to send money instantaneously to any other person registered for IMPS service in any of participating banks, using application.
All IMPS registered customers can also act as beneficiaries to receive money from any participating banks.
Key Features of IMPS :
** Send money to anyone using their mobile number
** Recipient gets instant credit
** Receive money instantly from anyone without sharing your account number
** Available 24x7x365
** Absolutely free of cost
** Simple & easy to use
** Safe & Secure
FAQ’s :
What is IMPS?
Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones. IMPS would facilitate Mahesh Bank Customer’s to send money instantaneously to any other person registered for IMPS service in any of participating banks ,using application. All IMPS registered customers can also act as beneficiaries to receive money from any participating banks.
How does the IMPS Service work Real Time or Instantaneous ?
A common infrastructure has been set-up amongst participant banks, in association with the National payment Corporation of India, to enable real time funds transfers across banks.
What is MMID ?
MMID stands for Mobile Money Identifier. MMID is a 7 digit code issued by a participating bank to their Mobile Banking registered customers for availing IMPS service as a beneficiary.
A customer will have different MMID’s for different accounts and all these can be linked to a single mobile number.
Do I as sender or receiver need to have a bank account for availing IMPS?
Yes, you need to have a Savings bank account with Mahesh Bank.
Do I need to register to send money through IMPS?
If you are a registered mobile banking customer of Mahesh Bank and have the application on the registered mobile number, no more registrations are required.
To send money from please do the following:
** Login to Mahesh Bank
** Select Fund Transfer Menu
** Select Fund Transfer to Other Bank
** Select InterBank Mobile Payment Service (IMPS)
For sending money, can I link more than one account to the same mobile number?
Yes, this is possible. The same process would be followed that exists for registration for mobile banking service for linking an account to application.
Is the beneficiary also required to register for IMPS?
The beneficiary ( Mahesh Bank or other Bank customer) should have their mobile number registered with their bank where he intends to receive the money. He should also have a valid 7 digit MMID provided by his bank. For each bank account number the beneficiary would have a different MMID. Different customers of a Bank can have same MMID’s.
What beneficiary details do I need to use to send money?
The beneficiary details required are: a. Beneficiary’s 10 digit mobile number b. MMID of the beneficiary customer
Is there any limit on the value of transactions when I am sending money using IMPS?
The existing limits of Rs 2,00,000 per day using Application and using SMS its Rs 5000/ per day would apply.
Is there any limit on the value of transactions when I am receiving money using IMPS?
You can receive up to Rs 2,00,000 per transaction using IMPS. You can receive multiple such transactions in a day. Total Limit for day per account is Rs.2,00,000/-
What happens in case I enter a wrong beneficiary mobile number when sending money?
The beneficiary details required to send money are mobile number and MMID. Before funds are credited into an account the corresponding mobile number and MMID are verified and only if both match will there be a credit into the account.
What are the timings for initiating and receiving IMPS remittances?
IMPS transactions can be sent and received at any time and any day. There are no timing or holiday restrictions on IMPS remittances.
If the transaction is not completed will I get my money back? When?
Yes. In case, Mahesh Bank customer’s account is debited and beneficiary account is not credited, then customer call lodge a complaint with our 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
Customers query will be resolved within 9 working days.
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