Enjoy instant fund transfer with Immediate Payment Service (IMPS) which is an interbank electronic fund transfer service available 24x7, throughout the year including Sundays and any bank holiday. Customer can transfer and receive funds via IMPS by registering a beneficiary on Interne... Read More
Advantages of IMPS
| Limit | Timing |
|---|---|
| ₹5 Lakh per transaction | 24 x 7 (365 Days) |
Types of IMPS
Axis Bank customer can use IMPS to remit funds using open by Axis Bank, Internet Banking and SMS channel.
Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service available 24x7, throughout the year including Sundays and any bank holiday. Customers can transfer and receive funds via IMPS using their registered Mobile number and Mobile Money Identifier (MMID) or Account number and IFSC code.
Yes, the customer needs to have a bank account with the bank which has enabled this facility.
Mobile Money Identifier (MMID) is a seven digit random number issued by the bank upon registration. Remitter (customer who wants to send money) and Beneficiary (customer/merchant who wants to receive the money) through IMPS using mobile number and MMID should have this for doing this interbank funds transfer.
Presently, the customers cannot withdraw and / or deposit money using IMPS.
IMPS transactions can be sent and received at any time and any day. There are no timing or holiday restrictions on IMPS remittances.
| IMPS Funds Transfer | Charges |
|---|---|
| Inward | Nil |
| Outward |
|
Now use Fingerprint, Face ID or PayPIN to make seamless payments instantly via Axis Bank Net Banking
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