IndusInd Bank Immediate Mobile Payment Service

Benefits of using IndusInd Bank IMPS Fund Transfer:

1. Saves a lot of time as beneficiary receives the funds immediately.
2. Customers can transfer up to Rs.50,000 in a single day.
3. 24/7 customer care service available for all IndusInd Bank customers.
4. Customers can transfer funds from anywhere and at any time.
5. Customers can transfer funds even on bank holidays, public holidays and Sundays.
6. Customers can use the IMPS facility to pay utility bills, DTH top-up, clear credit card bills, pay education fees, to purchase travel tickets and groceries.
7. IMPS fund transfer is free of cost.

Features of IndusInd Bank IMPS Fund Transfer:

The first and foremost feature of IndusInd Bank IMPS fund transfer facility is that it allows the account holders to transfer funds immediately. Apart from that, the other features of IndusInd Bank IMPS fund transfer are:

1. Customers can transfer up to Rs.50,000 using the IMPS fund transfer facility.
2. To initiate an IMPS fund transfer, customers can either used their Mobile Money Identifier (MMID), their mobile number, or bank account number and bank's IFSC code.
3. Once the transaction has been made, both the remitter and recipient will receive a message confirming the transaction.
4. Customers can access HDFC Bank's IMPS facility on their android device, android tablet, iPhone, or Windows tablet.
5. IMPS transactions up to the value of Rs.1,000 can be done free of charge.

How to Transfer Money by using IndusInd Bank IMPS Fund Transfer?

The following are the methods an account holder can follow to transfer funds using IndusInd Bank IMPS Fund Transfer:

Net Banking-

1. Visit IndusInd Bank official website.
2. Log in using your net banking credentials.
3. Navigate to the "Fund Transfer" option available in the menu.
4. Now, select 'IMPS Funds Transfer'
5. You will have to choose a beneficiary now from the list and enter the amount that you need to transfer.
6. Once the payment has gone through, you will receive a confirmation on your registered email ID and phone number.

Mobile Banking-

1. Log on to IndusInd Bank mobile banking app using your credentials.
2. Choose the 'Fund Transfer' option and select 'Other Bank using IMPS'.
3. Choose 'Using IFSC/AC No.' to transfer funds using IFSC code.
4. Choose the beneficiary, enter the amount to be sent, make any remarks and confirm the transaction.
5. Once the transaction has gone through, you will instantly receive a confirmation message for the transaction.

Using SMS - An IndusInd Bank customer can transfer funds to anyone through SMS. To initiate a fund transfer through SMS a account holder should send a SMS with the details of the beneficiary's MMID and mobile number and their MMID. Listed below are the steps to facilitate an IMPS fund transfer using SMS.

1. The customer has to SMS to the bank's registered phone number in the given format -
2. First enter the mobile number of the beneficiary
3. Next, enter the MMID of the beneficiary
4. Enter the amount one wishes to transfer
5. Enter the MPIN and your MMID
6. Once the SMS has been sent, a confirmation message will be sent to both the remitter and the beneficiary.

Beneficiary Details Required for IndusInd Bank IMPS:

To transfer funds to anyone, the account holder should add them as a beneficiary. Usually, the bank takes 30 minutes to approve a beneficiary after all the details has been submitted. One can either transfer funds using the beneficiary's MMID or Bank's IFSC code or account number of the beneficiary (if transaction is done online). To transfer funds using IMPS facility, one must have the following information:

· Beneficiary's bank account number and bank branch IFSC code.

· Beneficiary's mobile number and MMID (Mobile Money Identifier).