npci.org.in IMPS Funds Transfer Using Mobile : National Payments Corporation of India

Organization : National Payments Corporation of India
Facility : IMPS Funds Transfer Using Mobile

Home Page : http://www.npci.org.in/home.aspx
For more details here : http://www.npci.org.in/Fund_Transfer_Services.aspx

Fund Transfer
Funds can be transferred using any of the below options :
Using Mobile number & Mobile Money Identifier (MMID) of the recipient – IMPS offers instant, 24X7, interbank electronic fund transfer service from one person to other using mobile number and Mobile Money Identifier (MMID). Just ask the recipient to share the mobile number and MMID and transfer funds using Mobile phones or Internet or ATM.

Follow 4 simple steps to transfer funds using Mobile number & MMID :
Step 1 Register your mobile number :
Register your mobile number with your bank and ask for your MMID and M-Pin.

Step 2 Details required from recipient :
Just ask for Mobile number & MMID

Step 3 How do you want to transfer money :
Select a convenient channel to transfer money – Pick any one – Internet banking, mobile or ATM.

Step 4 Enter recipient details :
Enter recipient’s mobile number, MMID and amount.

Banking Tip :
MMID is a 7 digit number provided by your bank.

Safety Tip :
** You can keep an eye on your account by registering your mobile number.
** Using Account number & IFS Code of the recipient
** Using Aadhaar number of the recipient

Using Account number & IFS Code of the recipient :
IMPS Person-to-Person (P2P) funds transfer can also be done using recipients account number and IFS code. Just ask the recipient to share the account number and IFS code (IFS code is available on the cheque book!) and transfer funds using Mobile phones or Internet or ATM.

Follow 4 simple steps to transfer funds using account number & IFSC :
Register your mobile number :
Register your mobile number with your bank and ask for your M-Pin.

Details required from recipient :
Request recipient to share account number and IFSC

How do you want to transfer money :
Select a convenient channel to transfer money – Pick any one – Internet banking, mobile or ATM.

Enter recipient details :
Enter recipient’s account number, IFSC and amount.

Banking Tip :
IFSC is a 11 digit alphanumeric number, available in the cheque book.

Safety Tip :
Always remember your M-Pin, please do not write it anywhere or pass it to anyone.

Using Aadhaar number of the recipient :
This is the simplest form of fund transfer, all you need is just the recipients AADHAAR number. Just ask the recipient to share the AADHAAR number and transfer funds using Mobile phones or Internet or ATM.

Follow 4 simple steps to transfer funds using Aadhaar number :
Register your mobile number :
Register your mobile number with your bank and ask for your M-Pin.

Details required from recipient :
Request recipient to share Aadhaar number

How do you want to transfer money :
Select a convenient channel to transfer money – Pick any one – Internet banking, mobile or ATM.

Enter recipient details :
Enter recipient’s Aadhaar number and amount.

Banking Tip :
All transactions done using mobile will be authenticated using mobile number & MPIN.

Safety Tip :
Never share your internet banking user id or passwords with anyone.