Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones. IMPS would facilitate IndusInd Bank Customer(s) to send money instantaneously to any other person registered for IMPS service in any of participating banks (including IndusInd Bank), using IndusMobile application, IndusMobile SMS and IndusInd ATM. All IMPS registered customers can also act as beneficiaries to receive money from any participating bank (including IndusInd Bank).

A common infrastructure has been set-up amongst participant banks, in association with the national payment Corporation of India, to enable real time funds transfers across banks.

IndusInd Bank allows you to use IMPS through multiple channels as well as for a variety of payment options. These are:

• IndusMobile Application: Use this channel to transfer money to
  • Mobile number using MMID
  • Account Number using IFSC
  • Merchants for purchases done (Online or offline)
• ATM - Transfer money to a mobile number using MMID (Please note you need to be registered for IndusMobile to use this service. This service only available on IndusInd Bank ATMs)

MMID stands for Mobile Money Identifier. MMID is a 7 digit code issued by a participating bank to their Mobile Banking registered customers for availing IMPS service as a beneficiary. A customer will have different MMID's for different accounts and all these can be linked to a single mobile number.

Yes, you need to have a bank account with IndusInd Bank.

If you are a registered mobile banking customer of IndusInd Bank no more registrations are required.

To send money from IndusMobile application, please do the following:

• Login to IndusMobile
• Select Banking Menu
• Select Immediate Payment Service (IMPS)
• Select type of IMPS
• Select Account from which transfer needs to be made
• Enter relevant details ( Using MMID - beneficiary's 10 Digit Mobile Number, 7 Digit MMID and desired transfer amount , using IFSC – account number, IFSC code and desired transfer amount, to merchant – Merchant mobile number, MMID, Desired Amount and payment reference number)
• Get confirmation receipt of transaction along with Transaction Reference Number

To send money through IndusMobile SMS, please send:

QIMPSSMSPIN beneficiary Mobile number Beneficiary MMID Amount to +919223173927 as an SMS.

The beneficiary (IndusInd Bank or other bank customer) should have their mobile number registered with their bank where he intends to receive the money. He should also have a valid 7 digit MMID provided by his bank to receive money using the MMID payment option. For each bank account number the beneficiary would have a different MMID.

The beneficiary details required in case of an IMPS transfer to mobile number are:

• Beneficiary's 10 digit mobile number
• MMID of the beneficiary customer

For an IMPS transfer using IFSC code details needed are:

• Beneficiary account number
• Beneficiary IFSC code

For a IMPS transfer for merchant payment details needed are:

• Merchant mobile number
• MMID of merchant
• Payment Reference number

The existing limits of INR 50,000 per day using IndusMobile apply. In addition if IMPS transfer is being done through IndusMobile SMS or IndusMobile USSD, per day limit will be INR 5,000. This is as per RBI guidelines.

You can receive up to INR 50,000 per transaction using IMPS. You can receive multiple such transactions in a day.

The security features of IndusMobile will apply in this case as well. For anybody to send money using IMPS, he needs to be registered Mobile Banking customer, have either the MPIN to access the IndusMobile application or the SMSPIN to use the IndusMobile SMS function.

The beneficiary details required to send money are mobile number and MMID. Before funds are credited into an account the corresponding mobile number and MMID are verified and only if both match, will there be a credit into the account.

IMPS transactions can be sent and received at any time and any day. There are no timing or holiday restrictions on IMPS remittances.

Yes. In case, IndusInd Bank customer's account is debited and beneficiary account is not credited, then the funds will be re-credited back into the IndusInd Bank customer's account.

For transactions which are successful, funds gets credited into the beneficiary's account immediately.

Yes, you can transfer money from your IndusInd Bank account to a beneficiary who has an account within the IMPS participating banks.

You will get a confirmation receipt on successful completion of the transaction.

You can send and / or receive funds using the registered mobile number only.

The beneficiary can use the funds immediately on receipt of credit in the account.

You can register a complaint by calling our call center.

View our short demo and get familiar with the process here