IMPS Merchant Payments service allows customers to make instant, 24*7, interbank payments to merchants or enterprises via mobile phone.
The key features of IMPS merchant payments service are as follows:
Payments to merchants can be of two kinds:
Customer can make payment to any kind of merchant using IMPS merchant payments service:
To know which merchants you can make payments using this service Click here
To use IMPS you need to be registered for IndusMobile. Click here for steps to register
Indus Mobile Registration: You can follow any of the below mentioned options to register yourself for the IndusMobile service.
After registering you will receive through SMS the web-link to download the IndusMobile Application, Application Password, MPIN and SMS PIN. You will need to modify your MPIN & SMS PIN before using IndusMobile. You can modify your MPIN through the IndusMobile Application. To modify SMS PIN please send the below SMS to +919223173927
Please Remember: To register for IndusMobile please ensure that your mobile number is updated with IndusInd Bank.
To know the banks live on IMPS fund transfer using Account Number & IFSC, click here
Customer Inititated transaction (P2M Push)
Merchant Initiated Transactions(P2M Pull)
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:
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:
To send money through IndusMobile SMS, please send:
QIMPSSMSPIN beneficiary Mobile number Beneficiary MMID Amount to +919223173927 as an SMS.
While doing the IMPS transfer you can choose the account from which the transfer has to be made.
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:
For an IMPS transfer using IFSC code details needed are:
For a IMPS transfer for merchant payment details needed are:
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.