IMPS 24 x7
Immediate Payment Service
Introduction to IMPS and its advantages
IMPS is a new service that is set to revolutionise the retail money payment sector in India. We take the pride to announce that Bank has already joined the revolution since 12 February 2019. All the registered Customers will now be able to receive & pay money instantly to their account to any other account in the country via IMPS.
Key features of IMPS are as follow:-
- Instant Interbank fund transfer
- Convenient and time saving
- Anytime, anywhere service
- Safe & Secure
- Simple and easy to use
- 24*7*365 availability
- Instant confirmation to Sender and Receiver
- Use the IFSC code: HDFC0CAMCBK with your Account Number for received & payments.
- IMPS Transactions:
|Sr No||Particulars||Per Transaction Value based Limits||Per day
Value based Limits
|1||Maximum limit of a transaction during the business hours:||Rs. 0.25 lakh||Rs. 2.00 lakh|
|2||Maximum limit of a transaction during Non-business hours including on Bank Holidays||Rs. 0.25 lakh||Rs. 2.00 lakh|
Branch to IMPS
Up to Rs. 10,000 – Free
Rs. 10,001 to 50,000 – Rs. 2.5 + GST
Rs. 50,001 to 2,00,000 – Rs. 5 + GST
Rs. 2,00,001 to 5,00,000 – Rs. 10 + GST
Above Rs. 5,00,001 – Rs. 15 + GST
Mobile to IMPS
Up to Rs. 10,000 – Rs. 1.10 + GST
Rs. 10,001 to 5,00,000 – Rs. 2.10 + GST
How to receive fund
P2A (Person to Account)
- Share your Account Number and your Branch IFSC Code with the remitter
• Ask the remitter to send money using your Account Number and IFSC Code
• Check the confirmation SMS for credit to your account from the remitter
FAQ (Frequently Asked Question)
Q.1 What is IMPS?
Ans . Interbank Mobile Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones. IMPS facilitate customers to use mobile instruments as a channel for accessing their banks accounts and remitting funds there from.
Q.2 Who is providing IMPS service?
Ans. NPCI National Payment Corporation of India is providing IMPS service.
Q.3 Are all banks offering IMPS?
Ans. The updated list of banks offering IMPS will be available in NPCI website: https://www.npci.org.in./
Q.4 Does the customer need to have a bank account for availing IMPS?
Ans. Yes, The customer needs to have a bank account with the bank which has enabled this facility.
Q.5 Does the customer need to register to remit the funds through IMPS?
Ans. Yes,Customer should enroll for Mobile Banking Service with the bank where customer has an account. The registration process shall be as per their bank’s laid down procedures.
Q.6 Is the beneficiary customer also required to register for IMPS?
Ans. The beneficiary customer should have their mobile numbers registered with the bank where he/she maintain the account and where he intends to receive the credit. No need to specifically enroll for Mobile Banking Service of the bank.
Q.7 Can a customer link more than one account to the same mobile number?
Ans. Yes,The customer can link the same mobile number to more than one account subject to bank offering that feasibility.
Q.8 Is there any limit on the value of transactions in IMPS?
Ans. The limit is defined by the Bank BOD.The customer can transact on IMPS subject to a daily cap per customer overall for transactions through mobile for the funds transfer. Transactions up to Rs. 200000/- can be facilitated.
Q.9 What are the timings for initiating and receiving IMPS remittances?
Ans. IMPS transactions can be sent and received at any time and any day. There are no timing or holiday restrictions on IMPS remittances.
Q.10 What are the charges for the customer for receiving remittances using IMPS?
Ans. No Charges,Free Service
Q.11 Are there any subscription charges for the customers to avail this facility?
Ans. No Charges,Free Service
Q.12 Can the remitter transfer funds from his / her to the beneficiary account in other bank?
Ans. Yes, the remitting customer can transfer funds to the beneficiary account in other banks.
Q.13 Is it necessary to have sufficient account balance to initiate a remittance?
Ans. Yes, the customer should have sufficient account balance to initiate a fund transfer.
Q.14 Is it necessary to have a minimum balance to receive funds through IMPS?
Ans. Not necessary.
Q.15 How do I register for IMPS with your Bank?
Ans. Obtain application form for IMPS Service or Download application from our web site. Submit duly filled application form to your bank for registration.