IMPS, or Immediate Payment Service, is a secure and instant interbank electronic fund transfer service. Offered by Sri Ganapathi Urban Co-Operative Bank Ltd., it allows you to send and receive money 24x7, including weekends and public holidays. It is a powerful tool for real-time payments, providing quick and reliable transactions.
Key Features
- Instant Transfers: Funds are credited to the beneficiary's account instantly, without any waiting period.
- 24x7 Availability: The service is available round the clock, every day of the year.
- Secure Transactions: IMPS uses secure technology to ensure your transactions are safe and reliable.
- Ease of Use: You can transfer funds with minimal details, making the process user-friendly and efficient.
- Wide Reach: The IMPS network enables you to transfer funds to any bank account in India that is also part of the IMPS network.
How to Use IMPS
Sri Ganapathi Urban Co-Operative Bank Ltd. offers IMPS through its digital banking channels. While specific steps may vary, the general process is as follows:
Login: Access your account through the bank's mobile banking app or internet banking platform.
Select Fund Transfer: Navigate to the "Fund Transfer" section and choose "IMPS."
Enter Beneficiary Details: You can typically transfer funds using one of two methods:
- Account Number and IFSC Code (P2A): Enter the recipient's bank account number and the Indian Financial System Code (IFSC).
- Mobile Number and MMID (P2P): If you and the beneficiary are registered for mobile banking, you can use the recipient's mobile number and their unique Mobile Money Identifier (MMID).
Enter Amount and MPIN: Input the amount you wish to transfer and your Mobile Banking Personal Identification Number (MPIN) to authorize the transaction.
Confirmation: Review the details and confirm the transaction. You will receive a confirmation message.
Important Points
- Registration: To use the IMPS service via mobile banking, you must have your mobile number linked to your bank account and be registered for the bank's mobile banking service.
- Transaction Limits: Transaction limits are set by the bank and are subject to change. For the current IMPS transfer limits, please refer to the bank's official website or contact customer care.
- Security: Always keep your MPIN and other login credentials confidential. Do not share your debit card details, OTPs, or passwords with anyone.
