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SBI Immediate Payment Service (IMPS)

Immediate Payment Service, commonly known as IMPS, is an instant interbank electronic fund transfer facility that is used by a number of banks across the country. The service is extremely handy for customers to make cashless transfers to their beneficiaries. Using IMPS requires an MMID and mobile number, or the bank account number and the IFSC code. It works just like a NEFT transfer except that the payment is done immediately, regardless of bank timings and holidays. Customers can use this service to transfer funds 24x7 through mobile banking and internet banking. SBI also makes it possible for customers to transfer funds using USSD or SMS banking.

State Bank of India IMPS

Customers who wish to use the IMPS can benefit from the funds being transferred almost immediately on a real-time basis. In case of emergencies, and payments that need to be made immediately, IMPS is the best option as there are no delays. Once the transfer is successful, the bank will send a confirmation message. For the recipient, their bank will also send a confirmation to the beneficiary notifying them that their account has been credited with the amount.

Who is eligible for SBI IMPS?

Anyone with a bank account at State Bank of India is eligible to use the IMPS facility. The facility to send money using IMPS is available only for mobile banking and internet banking customers. Although, anyone with an SBI account can receive funds through IMPS. In order to receive funds, customers need to register their mobile number with SBI. A 7-digit MMID will be issued which has to be used in order to receive funds. You need to complete a few basic steps before you can send funds through IMPS:

  • Send and SMS “MBSREG” to 9223440000 or 567676 to get your User ID and default MPIN.
  • Download the SBI mobile banking application on your phone.
  • You can then set an MPIN of your choice.
  • If your phone is not java-enabled for Mobile Banking Service through SMS or USSD Banking, you can visit your SBI Branch to activate the mobile banking service
  • Finally, you need to know the beneficiary’s Mobile number and MMID.

Benefits of using SBI IMPS

IMPS comes with a number of benefits to users. Some of the benefits include:

  • Immediate transfer of funds to the beneficiary’s account.
  • 24x7 access to IMPS.
  • User friendly service.
  • Can be used after banking hours.
  • Can be used even on bank holidays.
  • Any customer with a bank account can use IMPS.

Features of State Bank of India IMPS

Immediate Payment Service is an easy method of transferring funds and making payment instantly through your bank account. The features of IMPS include:

  • Available only on Mobile Banking and Internet Banking.
  • Use of MMID and mobile number.
  • Confirmation alerts sent to both remitter and recipient.
  • The transaction limits are as given below:
Mode of transfer Transaction limits
Online SBI For the first 4 days from activation, a total sum of Rs.1 lakh can be transferred. After that, Rs.2 lakhs can be transferred per day.
Mobile Banking Rs.50,000 per day
USSD Rs.1,000 per day
SMS Banking Rs.1,000 per day
  • For using IMPS through online SBI, you will incur the following charges:
Fund Transfer Amount Charges
Up to Rs.1 lakh Rs.5 per transaction + service tax
Rs.1 lakh to Rs.2 lakh Rs.15 per transaction + service tax
Rs.2 lakh to Rs.5 lakh Rs.25 per transaction + service tax

How to transfer money by using State Bank of India IMPS service

There are five ways to transfer money using IMPS:

Internet Banking - There are two steps to making an IMPS transfer. You first need to add the Payee to your account and authorise it. The first step is a one-time procedure. Once this is done, it will be stored for future transactions.

Add Beneficiary

  • Login into your online SBI account.
  • Select “Profile” and click on “Manage Beneficiary”.
  • Choose “IMPS Beneficiary”.
  • Enter the details of the beneficiary.
  • An OTP (One-time password) will be sent to your registered mobile.
  • Use this OTP to approve the beneficiary.

IMPS Transfer

Once your beneficiary has been added, you can follow these steps to make the transfer:

  • Log into your online SBI account.
  • Choose “Payment/Transfer” and select “IMPS fund transfer”.
  • Opt for “Person to Person”. If the beneficiary has an account at a different bank, then select “Person to Account”.
  • Enter the transaction amount.
  • An OTP (One-time password) will be sent to your registered mobile.
  • Use this OTP to verify the transaction.

Mobile Application - There is no need to register a payee if you are using the mobile application.

  • Download the mobile application on your phone.
  • Access your account using the User ID and MPIN.
  • Select “Fund Transfers”.
  • Select “IMPS - Mobile to Mobile Transfer”.
  • You then need to enter the mobile number and MMID of the beneficiary.
  • You can enter a purpose if you like.
  • Enter the transaction amount. Select the account from which you would like the money to be debited.
  • Enter your MPIN and confirm. The transaction request will be sent.

USSD Service

If you have registered for the USSD Service, you need to choose IMPS (option 7) and then follow the steps given below:

  • Enter the mobile number of the beneficiary.
  • Enter the MMID of the beneficiary.
  • Provide a purpose if you wish.
  • Enter the transaction amount.
  • Provide your MPIN and complete the request.

SMS Banking

You can also transfer money using the SMS banking facility. You need to send the following SMS to 9223440000.

The purpose is optional and can include only 20 characters maximum.

Beneficiary details required for State Bank of India IMPS

The details you will need to get from the beneficiary to make an IMPS transfer are based on the method chosen.

Person to Account (IFSC mode) - IFSC stands for the Indian Financial System Code. Basically, it is an alphanumeric code which is used to identify the bank and the bank branch to which the fund transfer needs to be credited. To make an IMPS transfer using this mode, you need the following information:

  • Name of the beneficiary
  • Account number of the beneficiary
  • IFSC of the beneficiary’s bank

Person to Person (MMID mode) - MMID stands for Mobile Money Identification Number. It consists of 7 digits and is a unique number linked to a particular bank account. The first four digits represent a unique code to identify the bank. An MMID can be generated through mobile banking, internet banking, or at the bank branch. To make an IMPS transfer using the MMID mode, you need the following information:

  • Name of the beneficiary
  • Mobile number of the beneficiary
  • MMID of the beneficiary

By using the IMPS facility provided by SBI, customers can transfer money to other customers of SBI. They can also make fund transfers to any bank account of another bank. Customers can also use IMPS to make payments to merchants by using the merchant’s MMID. IMPS is an easy way to go cashless and make payments easily.


  1. How do I get my MMID from State Bank of India?

    When you register for mobile banking, you will receive a 7-digit MMID. This will be applicable to the primary account. If you have other bank accounts with SBI and need MMIDs for those, you will need to visit the bank branch, fill up a form and apply for it. If your secondary accounts are enabled for mobile banking, then you can generate MMIDs by choosing “IMPS” and then “Generate MMID”.

  2. How do I register my mobile number for mobile banking?

    If you need to register for mobile banking, you need to visit an SBI ATM and generate an MMID.

    • Swipe your Debit Card in the designated slot
    • Select Mobile Registration
    • Enter your ATM PIN
    • Choose SMS/Secure Code / IMPS
    • Enter your mobile number
    • Confirm the transaction to generate your MMID

    You can also register at an SBI branch.

  3. How do I get a duplicate MMID?

    If you have forgotten your MMID, you can get a new one using any of these methods:

    • To retrieve MMID for all accounts - MMID SBI to 9223440000
    • To retrieve MMID for particular accounts - MMID SBI account number to 9223440000
    • You can also retrieve your MMID using the Mobile Banking Service. Select “IMPS- Retrieve MMID.”
    • You can call the SBI toll-free number 1800 425 3800, choose Mobile Banking (Option 5). Provide your mobile number and other details to the customer service representative. An MMID will be sent via SMS.
  4. I am unable to add a second beneficiary. What is the issue?

    You can add and approve only one payee in one calendar day. The payee will be activated within 4 hours if you made the approval between 6:00 a.m. and 8:00 p.m. (IST). Payees added after this slot will be activated the next day post 8:00 a.m.

  5. What do I do if I entered the wrong payee details for IMPS?

    If you have entered wrong details, most likely the transaction will be declined if the mobile number and MMID don’t match. If you used an account number and IFSC, the money could get credited to the wrong bank account which is hard to retrieve. Please ensure you enter the correct details while setting up a beneficiary. If you have made a transfer to the wrong account, you will have to contact customer care for guidance. If you haven’t already made a transfer, you can delete the payee and add a new one with the correct details.

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