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What is IMPS?

Immediate Payment Service (IMPS) enables you to instantly transfer funds online safely from your bank account to accounts maintained with other banks participating in IMPS. This service is available 24x7, even on Sundays and any Bank holidays through Mobile Banking. All you need is a Valid MMID (for mobile banking). This service is brought to you by the National Payments Corporation of India (NPCI) in collaboration with member banks.


  1. Instant interbank fund transfers
  2. Transact 24 X 7
  3. Simple and easy to use
  4. Time and cost saving
  5. Safe, secure and state-of-art technology
  6. Immediate confirmation to sender and receiver via SMS & Email


  1. What is IMPS?
  2. Presently, how are interbank fund transfers made using mobile phone?
  3. Does the customer need to have a bank account for availing IMPS?
  4. Does the customer need to register to remit the funds through IMPS?
  5. Is the beneficiary customer also required to register for IMPS?
  6. How to request for MMID for your linked Dhanlaxmi savings bank account?
  7. How to cancel MMID’s issued for Dhanlaxmi savings bank account?
  8. What beneficiary details does the customer need to affect an IMPS remittance?
  9. What is MMID?
  10. Can a customer link more than one account to the same mobile number?
  11. Incase if the customer has more than one account linked to his / her mobile number how does he select the account from which he / she intends to pay?
  12. What are the steps for IMPS fund transfer via Mobile Banking?
  13. Is there any limit on the value of transactions in IMPS?
  14. Does the customer require a mobile handset of a particular model or make or features to enable this service?
  15. What can a customer do incase he / she is not able to install the mobile banking application on his mobile handset?
  16. Can we withdraw and / or deposit money using IMPS?
  17. What if IMPS registered mobile is lost or misplaced? Will anyone who comes into possession of mobile be able to make a remittance from customer’s account?
  18. What happens in case the remitter enters a wrong beneficiary mobile number for remittance?
  19. What are the timings for initiating and receiving IMPS remittances?
  20. If the transaction is not completed will the customer get his / her money back? When?
  21. What are the charges for the customer for sending and receiving remittances using IMPS?
  22. How long does it take for the remittance to get credited into the beneficiary account number?
  23. Is it necessary to have sufficient account balance to initiate a remittance?
  24. Is it necessary to have a minimum limit to send and receive funds through IMPS?
  25. How does the remitter come to know that his account is debited and funds have been credited in the beneficiary’s account?
  26. How does a beneficiary come to know of funds being credited to his / her banks account?
  27. Can a customer remit and / or receive remittance using the mobile number other than the one registered with the bank?
  28. When can the beneficiary use the funds received through IMPS?
  29. Are all banks offering IMPS?
  30. Whether the transaction history will show credit’s into Account?



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