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IMPS mobile compatible site available now!!
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>> NPCI in News
Tech disruption in Indian banking system set to intensify – BS
 
E-tailers feel new payment mode UPI may cure CoD addiction - ET
 
From hard cash to mobile payments – Maharashtra times
 
Snapdeal introduces instant refunds within an hour – The Hindu
 
Snapdeal launches 'one-hour' refund facility – TOI
 
NPCI to launch ePayments literacy- Deccan Herald
 
NPCI’s e-payment literacy initiative – The Hindu
 
NPCI plans to roll out three new versions of RuPay – The Financial Express
 
NPCI to raise ?100 cr by December – BL
 
NPCI launches new RuPay credit cards co-branded with Mudra Bank – BS
 
NPCI to Roll Out Mudra Card – Indian Express
 
National Payments Corporation of India to launch RuPay credit card in one year - ET
 
National Payments Corp to launch three cards – Money Control
 
RuPay credit card to roll out soon - Business Insider
 
Making a case for wider acceptance of RuPay cards - Mint
 
Payment banks: NPCI to double capacity to 100 million transactions per day – DNA
 
Balachandran M re-appointed Non-Executive Chairman of payments corpn – BL
 
NPCI working on faster mobile banking platform - BL
 
Now, Shop with IRCTC RuPay Card – NDTV
 
Plastic age: India's RuPay breaks Visa and MasterCard's grip – HT
 
How Aadhaar plugs leakages in PDS and LPG subsidy transfer - Mint
 
Jan Dhan Yojana: 215 claims settled so far, says NPCI - HBL
 
RBI spends Rs 4K cr to print notes: NPCI
 
Remit2India launches instant remittance facility in Australia-India corridor – ET
 
Cashless society for cleaner transactions – Business Insider
 
National Payments Corporation of India taps RS Software to build digital payments enablement platform – ET
 
RBI should allow fund transfer between m-wallets, says NPCI’s Hota – ET Telecom.com
 
NPCI to ease inter-mobile payment transactions - TOI
 
NPCI pitches for wallet-to-wallet fund transfers – BS
 
Buy online without bank details soon – The Asian Age
 
NPCI assigns RS Software to build Digital Payments Enablement Platform – Forever News
 
NPCI selects RS Software to build digital payments enablement platform – Myiris.com
 
Banks told make ATMs ‘future-proof’ – BL
 
UBI launches RuPay debit card - BL
 
NPCI to widen shareholders base - The Hindu
 
e-IPO: going set to get smoother for investors eyeing public issues - BL
 
NPCI ties up with JCBI to push RuPay cards in Asia – TOI
 
Nilekani advises NPCI on Aadhaar-backed payments – TOI
 
NPCI, Japan's JCB to partner on payment cards - Reuters
 
National Payments Corporation of India, issuer of RuPay card, to add 50 new shareholders – ET
 
NPCI, Japan's JCB to partner on payment cards –Business Today
 
NPCI ties up with Japanese cards major JCB International - BS
 
NPCI and JCBI enter into a strategic partnership for JCB acceptance and card issuing in India - APN News
 
NPCI to raise Rs 100 cr- BS
 
???? ???? ????????????? ???? ?????, NPCI ?? ?????? ?? ???? – Money Bhaskar
 
Cashless economy: Banks expect surge in volume will offset fee income loss – BS
 
???? ????? ?? ??? ????????? ?? ???? ????? ????? ??? – Navbharat Times
 
Debit card payments to get cheaper - ET
 
Paytm to launch virtual 16 digit Rupay card, to up currency of its digital wallet – BS
 
Make Payments through IMPS – Moneylife
 
RuPay credit cards coming next year - BL
 
RuPay credit cards all set to go on stream in 2016 – TOI
 
Real-time money transfer via IMPS grows really big
 
BoB introduces RuPay Platinum debit card in association with NPCI
 
Banking on the RuPay – The Hindu
 
South Indian Bank launches RuPay premium debit card  - Live Mint
 
Personalised debit cards for India Post – Moneylife
 
Federal Bank launches mobile-based payment app- BL
 
Federal Bank Launches Mobile-based Payment Application 'Scan N Pay' – New Indian Express
 
IMPS: National Payment Corporation of India's real-time funds transfer mechanism changing lives - ET
 
55% of RuPay cards active under Jan Dhan Yojna’ - BL
 
Tourists from China, Japan may get to use ATMs here - ET
 
National Payments Corp of India to tie up with China UnionPay - BS
 
???? ???????????? '?????????' ????????????? '????????'?? ??????? - Loksatta
 
Chinese, Japanese consumers will be able to use Indian ATMs soon- Live Mint
 
National Payments Corp of India to tie up with China UnionPay- Reuters
 
NPCI gets RBI nod to tie-up with China UnionPay- ET
 
NPCI to tie-up with China UnionPay- Moneycontrol
 
National Payments Corp gets nod to tie up with China UnionPay- BL
 
NPCI cuts ATM switch charges by 10% - BS
 
ATM transactions: NPCI lowers switching fee- BL
 
NPCI cuts inter-bank ATM transaction fees by 10% - Zee News
 
SBI launches RuPay Platinum debit card – Financial Express
 
SBI ?? ????? ???? ???? ???????? ????? ????? – ABP live
 
SBI launches RuPay Platinum debit card - ET
 
RuPay ???????? ????? SBI ?? ???? ???? – Rajasthan Patrika
 
SBI launches RuPay Platinum Debit Card - NDTV
 
SBI unveils RuPay Platinum debit card – Live Mint
 
One Minute Guide | Fund transfer charges – Live Mint
 
Kudos To National Payments Corporation - ET
 
E-commerce biggies eye banking platform - BS
 
Banks must digitise to stay ahead: Report – Deccan Herald
 
YES Bank launches RuPay debit card - BS
 
IDBI Bank, NPCI launch platinum debit card - BL
 
IDBI Bank ties up with NPCI to launch upgraded Rupay Platinum Debit card – Live Mint
 
?? ???? ?? ?????? ??????? ???? – Business Khaskhabar
 
?? ?????? ?????? ?? ???? ????? ?? ????? ?????? ?????? – Money Bhaskar
 
RuPay insurance cover expanded to snake bites, drowning - DNA
 
New India bags NPCI deal to give cover for RuPay holders - ET
 
RuPay cards of all PSBs now e-commerce enabled: NPCI - ET
 
PSU Bank RuPay Cards Now E-Commerce Enabled: NPCI –NDTV Profit
 
RuPay card holders can now shop online - BL
 
NPCI brings all 56 regional rural banks under RuPay network - ET
 
Regional banks come under RuPay cards - BL
 
NPCI brings all 56 regional rural banks under RuPay network - BS
 
Railways launches RuPay pre-paid debit card – The Hindu
 
Railways launches RuPay pre-paid debit card service - ET
 
Rail ministry launches pre-paid RuPay debit card for ticket bookings - BS
 
Now, book railway tickets with RuPay pre-paid debit cards – Business Today
 
IRCTC ?? ??????? '????' ????? ?? ?? ??? ?? ???? ??? ???? – Money Bhaskar
 
Now, Use RuPay Pre-paid Debit Cards to Book Train Tickets – New Indian Express
 
Paytm now allows transfer of money from mobile wallet to bank account – BS
 
JWT wins NCPI creative mandate – Best Media Info
 
NPCI links 150 million DBT bank accounts with Aadhaar - BS
 
NPCI links 15 crore bank accounts with Aadhar- The Hindu
 
NPCI links 15 crore bank accounts with Aadhaar number- ET
 
NPCI ?? 15 ????? ????? ?? ???? ?????? ?? ????? – Punjab Kesari
 
NPCI links 15 crore bank accounts with Aadhaar numbers – Business Today
 
???????? ?? 15 ????? ????? ?? ???? ?????? ?? ????? – Rajasthan Patrika
 
Citizens can use RuPay card to pay RTI fee online - BS
 
NPCI to push fund transfers without account details
 
Bankers push for mobile-based ticketing in railways- TOI
 
Soon, your mobile phone could double as debit card- BS
 
NCPI to launch another real time fund transfer mechanism
 
Virtual form of RuPay card on anvil
 
NPCI initiates unified payments interface
 
Unified Payment Interface Pilot Likely by June
 
NPCI initiates an ecosystem for Unified Payments
 
One click for all payments: NPCI to implement UPI
 
NPCI to come out with virtual form of RuPay debit card
 
Virtual form of RuPay card on anvil
 
Virtual form of RuPay card on anvil
 
Payments Corporation develops unified payment interface for mobile banking
 
NPCI launches Unified Payments Interface
 
NPCI picks up the gram panchayat as a model for financial inclusion - BS
 
Govt eyes ‘less-cash’ economy via digital payment revolution - Financial Express
 
India is embracing mobile payments - Mobile Commerce press
 
India unveils strategy to encourage mobile payments - Mobile world Live
 
Chinese payments company to set up shop in India
 
Is banking sector ready for its ‘Uber moment’? - TOI
 
YES Bank plans to roll out credit cards next fiscal - BL
 
Ratnakar Bank inks deal with IBM for mobile app development - ET
 
Use Facebook, ATMs for transferring money, through IMPS - BS
 
NPCI proposes Unified Payment Architecture - BS
 
Government promotes RuPay cards by offering cashback – Rajasthan Patrika
 
NPCI proposes Unified Payment Architecture for all retail payments in India – Net Indian
 
Gramin Bank introduces Rupay cards for minors – The Hindu
 
All Jan Dhan bank accounts be linked to Aadhaar: PM Narendra Modi - ET
 
Mobile-to-Mobile Instant Money Transfer through IMPS – Press Note
 
Send Money instantly anytime, anyone through IMPS – Amar Ujala
 
Without Smart phone or internet, USSD facilitates banking transactions on basic cellphone -AajTak
 
Now pay school fees, water bill and other utility bills at one uniform system - BBPS - Navbharat Times
 
Here comes BBPS, pay all your utility bills at ease - Patrika
 
Now, users can pay all utility bills anytime & anywhere at BBPS – ABP Live
 
All Jan Dhan accounts be linked to Aadhaar: Narendra Modi- Live Mint
 
Jan Dhan Yojana to target credit, pension services- Deccan Herald
 
Government pushes use of RuPay cards with cash back offer- ET
 
‘Jan -Dhan will not block payments banks’ – TOI
 
India needs at least 3 lakh ATMs: NPCI chief- BL
 
Kochi Metro signs MoU with NPCI - BS
 
KMRL and NPCI sign MoU – Decean Chronicle
 
Boat, bus, metro... one card fits all – The Hindu
 
Direct LPG subsidy transfer from New Year - TOI
 
Metro’s Mobility Cards to Help You be Always Mobile – New Indian Express
 
Over 10 crore Aadhaar Nos. linked to bank a/cs - TOI
 
Ten Crore Aadhaars Linked to Bank Accounts- BS
 
10 crore Aadhaar numbers linked to bank accounts – Net Indian
 
100 mn Aadhaar numbers linked to bank accounts: UIDAI – Free Press Journal
 
10 crore Aadhaar numbers linked to bank accounts: UIDAI – Daily excelsior
 
NPCI links 10 crore Aadhaar cards to bank accounts- BL
 
NPCI crosses 10 crore Aadhaar numbers on National Financial Mapper- IIFL
 
10 crore Aadhaar Numbers linked to bank accounts- ET
 
10 crore Aadhaar Numbers linked with bank accounts- Financial Chronicle
 
NPCI links 10 crore Aadhaar cards to bank account - Money Bhaskar
 
NPCI crosses 10 crore Aadhaar numbers on National financial Mapper- Newsvoir
 
NPCI to create Financial Library, present RuPay card to students on President’s 79th Birthday-NDTV
 
NPCI to create Financial Library, present RuPay cards to students on President’s birthday – Big News Network
 
NPCI to create Financial Library, distribute RuPay Card on President’s B’day - BS
 
Jan Dhan Yojana sees opening of 3 million bank accounts
 
Pb third state with at least one bank a/c in every household
 
Finance Min asks banks for early issuance of RuPay card under PMJDY - ET
 
Fin Min asks banks for early issuance of RuPay cards- PTI
 
RBI issues final norms for uniform payment collection system- ET
 
RBI issues final norms for uniform payment collection system- BL
 
Seven banks in AEPS; Seven more in line - ET
 
RBI issues differentiated licensing; invites applications from potential candidates – ET
 
Electronic cheque truncation project completed- ToI
 
NPCI eyes 1 crore monthly IMPS transactions by end of fiscal – BS
 
NPCI eyes 1 cr monthly IMPS transactions - DNA Money
 
NPCI eyes 1 crore monthly IMPS transactions - The First Mail
 
66 Clearing Houses merged into 3 CTS grids with NCR support - InfoTech Lead
 
IMPS enables Western Union to launch money transfers service globally – BL
 
After Flipkart, RuPay ties up with Amazon & Jet Airways for online shopping- ET
 
Online Amazon shopping, Jet Airways booking now easy via RuPay- BL
 
Online Amzon shopping, Jet Airways booking now easy via RuPay- BS
 
Amazon shopping, Jet Airways booking now easy via RuPay- FE
 
E-commerce: After Flipkart, Amazon and Jet Airways tie up with RuPay- Firstpost.com
 
Amazon India & Jet Airways tie up with payment gateway RuPay- DNA
 
After flipkart, Amazon, Jet Airways team up with RuPay- Indiatoday.in
 
Online Amazon shopping Jet Air booking now easy via RuPay- Moneycontrol.com
 
Corporation Bank launches e-mandate, uses NPCI’s NACH- HBL
 
Now send money via facebook for free- IE
 
Every household to have RuPay card in 6 months- TOI
 
RuPay customers may transact at e-Commerce merchants- BS
 
RuPay is accessible on IRCTC, LIC, Flipkart and big merchants- FE
 
RuPay customers may transact at e-Commerce merchants- FE
 
 
RuPay cards boost e-Commerce says SBI- BL
 
RuPay customers may transact at e-Commerce merchants- ET
 
Nabard funds up banks for 2.2 million RuPay Kisan credit cards- BS
 
PMJDY emphasizes on speedy issuance of RuPay cards- BL
 
More than 1.6 crore RuPay cards issued for PMJDY- BL
 
NPCI launches eKYC with Oxigen to support Financial Inclusion
 
Card payment network RuPay sees boost from govt banking scheme- Reuters
 
Jan Dhan Yojana opens a new door for RuPay gateway- BL
 
Jan Dhan Yojana be a gamechanger- M Balachandran: CNBC TV18
 
Narendra Modi Govt, NPCI to foot Jan Dhan Yojana insurance premium bill - FE
 
IDBI Bank to open 2 lakh accounts on Aug 28, RuPay cards will be given to customers- ET
 
PM to launch Jan Dhan Yojana on Aug 28: 1 crore bank accounts to be opened with giving RuPay cards- DNA
 
Jan Dhan Yojana: Personal Accident cover doubled to Rs 2 lakh- ET
 
Insurers in talks with NPCI to offer cover under Inclusion- Moneycontrol.com
 
Personal accident cover under Jan Dhan Yojana doubled to Rs 2 lakh- Business Today
 
HDFC Ergo to offer Insurance cover to RuPay cardholders for 3 years- ET
 
Telecom companies agree on basic banking services through SMSes, NPCI launches NUUP- ET Page-1
 
RuPay set to give Visa, MasterCard a run for their money in India- FE
 
BMB rolls out RuPay EMV Debit card- BL
 
BMB launches RuPay Debit card with EMV chip- BS
 
BMB Launches RuPay Debit card EMV chip- FC
 
BMB launches RuPay Debit card with EMV chip- The Statesman
 
BMB rolls out RuPay Debit card- Yahoo.com
 
RuPay cards to replace Aadhaar in welfare scheme authentication- ET
 
Five things you wanted to know about the RuPay card
 
IMPS supports Yes Bank and Transfast launches Instant Online Money Transfer service- Moneycontrol
 
Through IMPS, Yes Bank and TransFast launches Instant Online Money transfer service- BL
 
IMPS supports Yes Bank to launch instant online money transfer service -BS
 
IMPS supports Transfast and Yes Bank to Launch Instant Bank Deposits for Money Transfers to India - GN
 
RuPay to go global, take on card biggies- DNA
 
NABARD launches RuPay Kisan Cards- ET
 
No Visa or Mastercard, only RuPay will emerge out in India
 
Government asks PSU banks to issue RuPay debit cards to customers, install POS terminals
 
Rupay Kisan Credit Card Scheme to start from July 12
 
Xoom Announces Instant Overseas Remittance Facility to India, Powered by IMPS (Immediate Payment Service) - an NPCI Initiative
 
Xoom Announces Instant Overseas Remittance Facility to India, Powered by IMPS (Immediate Payment Service) - an NPCI Initiative
 
Xoom Announces Instant Overseas Remittance Facility to India, Powered by IMPS (Immediate Payment Service) - an NPCI Initiative
 
Now, transfer funds from US to Indian bank accounts instantly
 
Xoom Announces Instant Overseas Remittance Facility to India, Powered by IMPS (Immediate Payment Service) - an NPCI Initiative
 
Xoom Announces Instant Overseas Remittance Facility to India, Powered by IMPS (Immediate Payment Service) - ...
 
SBI, ICICI, HDFC AMONGST 20 TO GET NPCI’S INWARD REMITTANCE NOD BY JULY-END
 
Remit Funds From U.S. To Indian Bank Accounts Instantly
 
XOOM Annouces Instant Overseas Remittances through IMPS.
 
UBI offers merchant payment service on mobile phones
 
President of India dedicates RuPay card to the nation- ET
 
President to dedicate indigenous card payment network RuPay- IBN LIVE
 
President to dedicate indigenous card payment network- ToI
 
President dedicates India’s own card scheme to the nation - BS
 
Soon you can use the RuPay platform to shop abroad, book railway tickets- BL
 
President to dedicate RuPay to the nation – The Hindu
 
President to dedicate indigenous card payment network RuPay- asian
 
President to dedicate indigenous card payment network RuPay- IF
 
President to dedicate indigenous card payment network RuPay- BW
 
President to dedicate indigenous card payment network RuPay- Zee News
 
President to dedicate indigenous card payment network RuPay- Tsm
 
President to dedicate indigenous card payment network RuPay- Tst
 
Axis Bank offers crop loans at ATMs on RuPay Kisan card- HBL
 
Axis bank launches RuPay 'Kisan Card'- ET
 
Axis Bank launches RuPay Kisan Card- Zee News
 
1. m-Pesa joins Immediate Payment Service (IMPS) - BL
 
Kalupur Bank becomes first Cooperative to launch RuPay in Gujarat
 
NPCI co-organises E-BAAT Program, focuses on future banking transactions
 
NPCI appoints FIME for RuPay certification
 
Axis Bank launches Aadhaar-based eKYC facility for rural banking - ET
 
Axis Bank, the first bank to launch Aadhaar-based eKYC facility for rural banking- BS
 
Axis Bank introduces eKYC micro ATM facility- HBL
 
NPCI is leveraging NFS for routing payments of Aadhaar, says M Balachandran - CNBC TV18
 
RuPay card to benefit Farming Community- BL
 
Primay Agri Co-op Societies to operate RuPay card in Dakshina Kannada- BL
 
Why suspending DBT scheme would be a retrograde step : By A P Hota – ET Guest Column
 
RuPay Card base to touch 25 mn by Mar: NCPI
 
RuPay Card base to touch 25 mn by Mar: NPCI- ET
 
‘RuPay Cards to reach 25 m’- MSN
 
Soon, Tap-and-go cards for small value payments- DNA Money
 
Payments made via Aadhaar crosses one crore mark- BS
 
NPCI’s Aadhaar-based transactions- BL
 
Payments made via Aadhaar crosses one crore-mark in December- ET
 
Payments made via Aadhaar crosses one crore-mark in Dec- Siasat Urdu
 
Payments made via Aadhaar crosses 1 cr-mark in Dec
 
Chipping In For Safety- Business World
 
M Balachandran takes over as new Chairman of NPCI Board- BL
 
HDFC Bank, NPCI tie up for Aadhaar eKYC- ToI
 
Mobile payments gain currency
 
CTS cheques become mandatory after Nov 30
 
Cheque clearance made easy in Bhopal – ToI
 
Now, Aadhaar-linked accounts to be basis for mobile payments – BS
 
Aadhar Increases Convenience Dramatically: Nilekani – Outlook India
 
Six banks sign up for Aadhaar-based remittance – BS
 
Six banks sign up for Aadhaar-based remittance- HBL
 
Punch in recipient's Aadhaar number to transfer funds – ET
 
NPCI We are trying to become a less-cash society - ET
 
13 central schemes under DBT for direct cash transfer- TOI
 
Reaching out to farmers, the electronic way- Mint
 
IMPS Now, donate to the Gods on the go - BL
 
NPCI introduces RuPay to Indian eCommerce
 
RuPay Goes Online- BL
 
Aadhaar, chip & pin need to coexist' says NPCI's MD & CEO - ToI
 
NPCI launches e-commerce solution in RuPay Card - Zee News
 
NPCI launches e-commerce solution in RuPay Card - BS
 
National Payments Corporation launches e-commerce solution in RuPay Card - ET
 
RuPay cards can be used online - TOI
 
NPCI unveils RuPay PaySecure service - BL
 
Aadhar Payment Bridge of NPCI facilitates LPG subsidy scheme roll out successfully
 
ET- RuPay Card crosses 3 million mark, to be e-commerce-ready by May-end
 
NPCI's IMPS platform helps Oxicash to introduce first independent wallet facility in the county
 
IMPS helps OxiCash to become country's first independent wallet facility
 
NPCI supports OxiCash to offer first non bank mobile wallet facility
 
'Desi' alternative to VISA, Mastercard from July
 
HSBC activates NACH debit platform
 
ET- Federal Bank launches RuPay brand Debit card
 
BS- Federal unveils RuPay Debit card
 
BL- Federal Bank in RuPay League
 
Jawans feel more secure with IMPS- DNA
 
ET- NPCI ties up with Discover Financial to go global
 
FE- RuPay global cards by July
 
IBN Live- RuPay goes global with Discover Financial
 
NPCI to launch RuPay global card by July
 
NPCI ties up with Discover Financial
 
NPCI's RuPay gets global access
 
RuPay Card gains acceptance for online transactions
 
Punjab government to make online payment to commission agents
 
Wheat procurement begins today, Arthias to get payments online
 
Punjab govt to make online payment to commission agents
 
NPCI flags data hurdle to Direct cash transfers scheme.
 
Aadhar Enabled Payment Bridge empowers Akshaya Project in T'puram.
 
RuPay card gains momentum in Rural India- NABARD
 
Aadhaar Payment must be basis for direct benefit transfers
 
Tips to remit funds through IMPS
 
Pay your auto fare via mobile,
 
Mint report on Feb 13
 
NPCI seeks to end pricing stalemate with telcos
 
ATM network crosses 1-lakh mark
 
Federal Bank rolls out mobile fund transfer facility to merchants
 
Atom Technologies introduces mobile payment service
 
Anytime Anywhere Banking
 
Task Force on an Aadhaar Enabled Unified Payment Infrastructure Submits Report to Finance Minister;
FM Calls for Upscaling and Implementation of Pilot Projects in More Areas
 
NPCI's RuPay debit cards to rival Visa and Mastercard
 
NPCI revises PoS terminal transaction fees
 
Mobile banking set to become user-friendly
 
All PoS Terminals will Start Accepting RuPay Cards by Jan, says NPCI CHIEF
 
RuPay cards to be acceptable at all PoS terminals by Jan
  IMPS » Background
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Background
 
 Immediate Payment Service (IMPS)


Currently majority of interbank mobile fund transfer transactions are channelised through NEFT mechanism. Under NEFT, the transactions are processed and settled in batches, hence are not real time. Also, the transactions can be done only during the working hours of the RTGS system.

With the above context in mind, NPCI conducted a pilot study on the mobile payment system with the banks like SBI, BOI, UBI and ICICI in August 2010. Also the banks like Yes bank, Axis and HDFC bank joined this league in the month of september, october and november 2010 respectively. Immediate  Payment Service (IMPS) public launch happened on 22nd November 2010 by Smt. Shyamala Gopinath, DG RBI at Mumbai and this service is now available to the Indian public.

IMPS offers an instant, 24X7, interbank electronic fund transfer service through mobile phones.IMPS is an emphatic tool to transfer money instantly within banks across India through mobile,internet and atm which is not only safe but also economical both in financial and non financial perspectives.

This facility is provided by NPCI through its existing NFS switch.

The eligible criteria for the Banks who can participate in IMPS is that the Bank should have approval  from RBI for Mobile Banking Service.

 Objectives of IMPS

  • To enable bank customers to use mobile instruments as a channel for accessing their banks accounts and remit funds
  • Making payment simpler just with the mobile number of the beneficiary         
  • To sub-serve the goal of Reserve Bank of India (RBI)  in electronification of retail payments
  • To facilitate mobile payment systems already introduced in India with the Reserve Bank of India Mobile Payment Guidelines 2008 to be inter-operable across banks and mobile operators in a safe and secured manner
  • To build the foundation for a full range of mobile based Banking services.   

 The participants for IMPS will be as follows:

  • Remitter (Sender)
  • Beneficiary (Receiver)
  • Banks
  • National Financial Switch - NPCI

 Pre-Requisites for Mobile Banking through IMPS

Registration for Remitter:

  • Register yourself with the mobile banking service of the bank.
  • Get Mobile Money Identifier (MMID) and MPIN from the bank
  • Download Software (Application) for mobile banking (ensure the compatibility of mobile with the application) or use the SMS facility in your mobile if your bank provides IMPS on SMS
Registration for Beneficiary:

  • Link your mobile number to the account in the respective bank.
  • Get Mobile Money Identifier (MMID) from the bank

For Remitter (To send money):

  • Login to the application and select the IMPS menu from the IMPS or use the SMS facility in your mobile if your bank provides IMPS on SMS
  • Get Beneficiary Mobile number and MMID
  • Enter Beneficiary Mobile number, beneficiary MMID, Amount and your MPIN to send
  • Await confirmation SMS for the debit in your account and credit in beneficiary account
  • Note the transaction reference number for any future query
  • Share your Mobile number and MMID with the remitter
  • Ask the remitter to send money using your Mobile number and MMID
  • Check the confirmation SMS for credit to your account from the remitter
  • Note the transaction reference number for any future query


 
 
 
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