Wednesday 21 August 2013

Do fund transfer 24x7

DOMORE
IMPS is an award winning cost effective, channel agnostic payment service, introduced by National Payments Corporation of India (NPCI), empowering customers to transfer money instantly within banks across India. This innovative service, launched as an instant mobile remittance solution in November, 2010 has today evolved as a multi-channel, multi-dimensional remittance platform. The IMPS platform today is capable of processing P2P(Person to Person), P2A (Person to Account) and P2M (Person to Merchant) remittance and transactions can be initiated from Mobile, Internet as well as ATM channel. In addition to banking customers,non-banking customers can also avail the IMPS facility through Reserve Bank of India (RBI) approved PPIs.In the fastly growing payment industry IMPS is a product which is here to change the course of indian payment industry. With more banks coming on board for IMPS the most trusted 24*7 payment option will become the best in business.


This facility works with most of the banks and almost instantly and at any time of the day or night!! 

Pre-Requisites for Mobile Banking through IMPS


Registration for Remitter:
  • Register yourself for mobile banking service with 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. No need to register for mobile banking service.
  • 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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