Organisation : Andhra Bank
Facility : Immediate Payment service (IMPS)
Applicable For : Andhra Bank AC Holder
Website : https://www.andhrabank.in/English/IMPS.aspx
IMPS :
Merchant payment(IMPS) :
We are pleased to inform that our Bank has gone live on, from 26th March 2013 as an Issuer on Immediate Payment service (IMPS) Merchant Payments (P2M) Push and Pull transactions. This service is provided by National Payments Corporation of India (NPCI) in collaboration with Member Banks.
Related : Andhra Bank Safe-T App : www.statusin.in/25112.html
IMPS Merchant Payments (P2M – Person-to-merchant) service allows customers to make instant, 24*7, payments to IMPS enabled merchants or enterprises via mobile phone.
IMPS (P2M) enables mobile banking users a facility to make payment to merchants and enterprises, through various access channels such as mobile Internet and SMS
For IMPS P2M PUSH transaction initiated through SMS, transaction limit is Rs 5,000/- per day and for transactions initiated through mobile banking application, transaction limit is Rs 50,000/- per day.
Key Features of IMPS :
** Instant InterBank Fund Transfer
** Send money to anyone using their mobile numberbullet
** Recipient gets instant credit
** Receive money instantly from anyone without sharing your account number
** Available 24X7X365
** Absolutely free of cost
** Confirmation of Debits & Credits
** Time & Cost saving
** Simple & easy to use
** Safe & Secure
How to register?
** Customer should visit any Andhra Bank ATM for registration for mPAY Mobile Banking. On successful registration, customer will receive mPin and Application Password on the ATM slip.
** The Customer whose mobile is having GPRS and Java, can download the mobile banking application by clicking the URL link in the SMS message mobile.fssnet.co.in/MPAYPORTAL/.
** The Mobile Banking application will be saved in his/her Mobile. The customer can enjoy various functionalities of mobile banking including internal and external fund transfer (IMPS) facility.
** Customers, whose hand sets are not Java / GPRS enabled, can also avail of Mobile Banking thru SMS or USSD (Unstructured Supplementary Service Data).
Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones.
It enables one to send money to another bank account or same bank account using the mobile number and MMID of the receiver. This is an enhancement to the existing Mobile Banking Application (m-PAY).
How to transfer the funds using IMPS?
** Using application : Customer can transfer funds (within Andhra Bank and to other banks also) using the option Fund Transfer a Other Bank IMPS Quick IMPS.
** Using SMS Tags : Customer mobile number should be registered with the bank for Mobile Banking and should have the MMID for transferring funds. Customer can transfer funds by SMS.
Syntax : IMPS<Space><Beneficiary Mobile Number><Space><Beneficiary MMID><Space><Amount><Space><MPIN>
Where <Space> Stands for one Space only Example : Suppose you wish to send Rs.100.00 to a person whose MMID is 9011123 and his mobile number is 9709095696 and your mPIN is 4444, send the following as text message (SMS) from your mobile to 9223173924: IMPS 9709095696 9011123 100 4444 Funds transfer limits and others :
The daily funds transfer limit for customers using mobile banking application is Rs 50,000/- and for others who are using SMS facility is Rs 5,000/-.
The SMS and GPRS charges for using the service of the mobile phone will apply as per the tariff applicable to the plan availed by the customer from service provider.