Axis Bank customers can login to Axis Bank Internet Banking and initiate IMT. Customers can register beneficiaries by entering the beneficiary's name, mobile number and address. This beneficiary registration
is a one-time process. Once a beneficiary is successfully registered, IMT can be initiated by entering the amount to be transferred and setting a sender's code. (The beneficiary would need this code
to withdraw cash from the ATM).
As soon as an IMT is issued the Beneficiary receives an SMS on his or her mobile number containing the details of the IMT. The details present in the SMS are:
- The IMT amount
- SMS Code (Axis Bank will generate this and send to the beneficiary)
- IMT ID (a unique code which can be used to refer your IMT transaction)
- IMT Expiry date