Corporation Bank IMPS Service : corpbank.com
Organisation : Corporation Bank
Facility : IMPS Service
Applicable For : Corporation Bank Account Holder
Website : corpbank.com/node/59107
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IMPS :
Features Available Under IMPS :
IMPS Funds Transfer offers an instant, 24X7, interbank/intrabank electronic fund transfer service from one account to another account through mobile phones.
Related : Corporation Bank Corp Rewardz Service : www.statusin.in/24156.html
IMPS Funds Transfer 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.
The key features of IMPS Funds Transfer are as follows :
1. Instant Funds Transfer
2. 24*7*365 availability
3. Credit and debit confirmations to sender and receiver
4. Simple & Easy to use
5. Fast, inexpensive, safe & secure, accessible
Now IMPS can be classified as follows
1. IMPS funds transfer – Person to Person(P2P) Using Mobile Number and MMID
2. IMPS funds transfer – Person to Person(P2P) Using IFSC and Account Number.
3. IMPS Merchant payment– Person to Merchant(P2M).
Customer has to register his mobile number for SMS/Mobile Banking and he has to get the MMID( 7 Digit Code issued by the Bank) and can initiate the transaction from his mobile by knowing the beneficiary mobile number, beneficiary MMID.
Customer can also make the transaction using beneficiary IFSC and Beneficiary Account Number. Currently our Bank is supporting these channels for doing IMPS funds transfer i.e. SMS, Mobile Application, USSD, Internet Banking.
Currently, IMPS Person-to-Person funds transfer requires the Remitter customer to make funds transfer using Beneficiary Mobile Number and MMID.
Both Remitter as well as Beneficiary need to register their mobile number with their respective Bank and get MMID, in order to send / receive funds using IMPS.
There may be cases where Remitter is enabled on Mobile Banking, but Beneficiary mobile number is not registered with the Bank account. In such cases, Remitter shall not be able to send money to the Beneficiary.
As per the feedback received from banking community, the IMPS funds transfer shall now be possible using Beneficiary account number and IFS code (P2A) as well, in addition to Beneficiary mobile number and MMID.
Initially IMPS was available only for transfer of funds from person to person. NPCI thought of extending the service for making Merchant payment also.
Customer can make payment to any kind of merchant using IMPS merchant payments service :
1. Mobile top-up / DTH top-up
2. Insurance premium payment
3. Online shopping
4. Over-the-counter payments
5. Fees payments to schools / colleges / universities
6. Utility Bill payments
7. Travel & Ticketing.
About Us :
Every institution has its start in modest initiatives but what makes it great is the passion of the people behind it. Carrying the legacy forward with an undaunted commitment to its vision, the journey of Corporation Bank truly epitomizes this.
Started about 110 years ago in 1906, with an initial capital of just Rs.5000/-, Corporation Bank has recorded Rs. 3,60,916 Crore mark in business and even far more, with over 10,378 service outlets across the nation, served by committed and dedicated 19,000 plus Corp Bankers. Proof of which is seen in its enviable track record in financial performance.