Citibank Immediate Payment Service (IMPS)

Benefits of Citibank IMPS Facility:

1. Instant transactions - Using IMPS, you can transfer money to a beneficiary's account almost instantly. As soon as you carry out the transaction, the money will be credited to the beneficiary's account.
2. Anytime fund transfer - there are no restrictions on the timings when it comes to IMPS. This means that you can send money at any hour of the day, any day or the week and any day or the year, including Sundays or bank holidays.
3. Free of charge - Currently, the IMPS facility is being offered free of charge by Citibank. Tis means you need not pay any special fee or charges to avail this service at any time.
4. High Daily Transaction Limit - With Citibank's IMPS facility, now it is possible to make high value payments in a single day. Citibank allows customers to transfer funds up to the amount of Rs 2 lakh on a daily basis via IMPS.
5. Multiple Channels of Fund Transfer - Under IMPS, customers can transfer funds to their beneficiaries via various channels such as Citibank Online, Citi Mobile, Citibank ATMs or even via SMS.

Features of Citibank IMPS Facility:

1. Via IMPS funds can be transferred to a beneficiary by obtaining their registered mobile number and Money Mobile Identifier (MMID) or using their account number and branch IFSC code.
2. The IMPS facility is open to customers 24 hour a day, 7 days a week.
3. Once the transaction is complete, the beneficiary and benefactor will receive an instant confirmation of the transaction on their registered mobile number.
4. Customers can generate an MMID instantly via Citibank's online banking platform to carry out IMPS transactions.
5. Customers can only make fund transfers via IMPS to account of banks which are a part of the IMPS network facility. funds cannot be transferred to non IMPS member banks.

How To Transfer Money Via Citibank IMPS?

Citibank has laid down a step by step process to help customers with transferring funds via IMPS. Following is the step wise guide for the same.

Step 1 - Add a payee on Citibank Online

To add a new payee, you need to first log in to your Citibank Online account. Using your account number and IFSC code or the beneficiary's MMID and mobile number, register the payee. Do remember that any existing payee's holding accounts with IMPS member banks will be automatically eligible for IMPS fund transfers.

Step 2 - Transfer Funds To Payee

For transfer of funds, there are different processes involved for various channels.

For Citi Mobile

1. First select the payee to whom you wish to transfer funds.
2. Now, choose from "IMPS via Account number and IFSC" or "IMPS via Mobile number and MMID".
3. After you have made your selection, input the amount to be transferred and click on confirm to carry out the transaction.

For Citibank Online

1. Login to your Citibank Online and click on 'Make Fund Transfer', followed by 'IMPS'.
2. Now, choose the payee from the list, enter the amount to be transferred and click to confirm the transaction.

Transfer Via SMS

1. To transfer money using MMID and mobile number, message IMPS<10-digit payee mobile number> <7-digit payee MMID> to 52484.
2. To transfer money via account number and IFSC code, message IMPS to 52484.

Beneficiary Details Required For Citibank IMPS:

To make an IMPS transfer, you need to provide the certain details of the beneficiary to whom the funds are being transferred. Fund transfers via IMPS can be done on the basis of:

1. Their bank account number and bank branch IFSC code
2. Their mobile number and MMID (Mobile Money Identifier)