Axis Bank is pleased to announce the launch of Instant Money Transfer (IMT) service for the Bank's customer.
IMT is an innovative domestic money remittance service that allows you to send money to a receiver only by using the receiver's mobile number. The receiver can withdraw money from an Axis Bank ATM with or without using a card. The receiver receives all the details required for withdrawal of the cash on his or her mobile phone.
The importance of IMT is multi-fold. You can use the service for any of these cases:-
- The receiver prefers cash
- The receiver needs money instantly / needs emergency cash
- The receiver doesn't have a bank account
- When you don't know the receiver's bank account details
- The receiver is not within easy distance (to deliver cash or send a cheque by hand)
How does IMT work?