IMPS Bank List | Immediate Payment Service Transfer, IMPS Charges, Process, T&C

The Immediate Payments Service Transfer is well known for IMPS. It is the inter-bank instant money transfer system in India. One can easily use this facility through internet banking and smartphones. IMPS is available 24*7 throughout the year, which also includes bank holidays. The IMPS was launched on 22 November 2010, and it managed an operated by the National Payments Corporation of India (NPCI). At present, many banks are providing IMPS services. The complete IMPS Bank List has been provided below.

The IMPS charges, process terms and conditions and other details of the Immediate Payment Service Transfer have been provided below. You are suggested to check out the below-provided information by scroll down the page.


IMPS Bank List

Here is the list of banks which are offering Immediate Payment Service Transfer (IPST) services.

Airtel Payments Bank Apna Cooperative BankBank of MaharashtraCorporation BankSahakari Bank
Allahabad BankBassein Catholic Co-op BankCosmos Co-operative BankFederal Bank
Andhra BankBNP ParibasDena BankHDFC Bank
Axis BankCanara BankDevelopment Bank of SingaporeHSBC
Adarsh Co-Operative BankCatholic Syrian BankDevelopment Credit BankICICI Bank
Bandhan BankCentral Bank of IndiaDhanalakshmi BankIDBI Bank
Bank of BarodaCitibankUnion Bank of IndiaIDFC Bank
Bank of IndiaCity Union BankDombivli NagarikIndian Bank
Indian Overseas BankLakshmi Vilas BankThe A.P Mahesh Urban Co-op BankState Bank of Hyderabad
ING Vysya BankMehsana Urban Co-operative BankPunjab and Sind BankState Bank of India
Jammu & Kashmir BankNainital BankPunjab National BankState Bank of Mysore
Janata Sahakari Bank, PuneNKGSB Co-operative BankRajkot Nagrik Sahkari Bank LtdState Bank of Patiala
Karnataka BankOriental Bank of CommerceRBL BankState Bank of Travancore
Karur Vysya BankPaytm Payments BankSaraswat BankSyndicate Bank
Kerala Gramin BankPragathi Krishna Gramin BankSouth Indian BankTamilnad Mercantile Bank
Kotak Mahindra BankPunjab and Maharashtra Co-op BankStandard Chartered BankThane Janata Sahakari Bank
The Greater Bombay Co-op BankUnion Bank of MandyaVijaya Bank
UCO BankUnited Bank of IndiaYes Bank

List of Bank Holidays 2020 – 21

IMPS Transfer Charges

Amount Bank< Rs.10,000< Rs.1 lakh< Rs.2 lakh
ICICI BankRs.5 + GSTRs.5 + GSTRs.15 + GST
Citi BankNilNilNil
SBIRs.1 + GSTRs.2 + GSTRs.3 + GST
Yes BankRs.5Rs.5Rs.5
HDFC BankRs.5Rs.5Rs.10
Axis BankRs.5Rs.5Rs.15
Axis BankRs.5Rs.15Rs.15
IndusInd BankRs.5Rs.15Rs.25

Allahabad Bank Empower App Download

Andhra Bank IMPS Charges

IMPS Charges
Transaction Amount RangeCharges
Rs 1 To Up to Rs 2500Nil
Above Rs 2500 To Rs 10,000Rs 2.50 + GST
Above Rs 10,000 To Rs 1 LakhRs 5 + GST
Above Rs 1 LakhRs 10 + GST

Link PAN Card with Bank Account 

Features of IMPS

  • It is a very secure process
  • Easy to use the Immediate Payment Service Transfer facility by using the smartphone and internet connection.
  • Immediate transfer of money.
  • Money can be transfer from anywhere, anytime.
  • The service is available 24*7
  • Very fewer charges.

Citibank Savings Account Opening

Process For IMPS Registration

  • First of all, you are required to register for the mobile banking facility of the bank in which you have an account.
  • After that, you have to ask for the Mobile Money Identifier (MMID) and Mobile banking Personal Identification Number (MPIN) from the bank only.
  • Now you have to download the mobile banking application of your bank, or you can also use the SMS, IMPS service , if provided by the bank.

How To Close Bank Account 

Registration for Beneficiary

  • Firstly, you have to request a bank to link your mobile number with your bank account.
  • Now ask for the Mobile Money Identifier (MMID) from the respective bank

Steps To Send The Money with IMPS Facility From Your Phone

  • Firstly login/open the bank application.
  • Now you are required to choose the IMPS option, or you can also use the SMS facility on your phone.
  • Get the MMID and mobile number of the beneficiary. After that, you have to enter the amount, beneficiary mobile number, MMID.
  • After that enter the MPIN
  • Finally, the money will be transfer, and you will get the confirmation message for the same.
  • Must ensure to note the transaction reference number for proof.

SBI Doorstep Banking Services 

How to Receive Money Through IMPS on Your Phone?

  • Firstly, you are required to provide your MMID and mobile number to the sender.
  • The sender will perform the same procedure mentioned above.
  • You will get the confirmation message note down the transaction ID for future use.
Munendra Singh

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