Allahabad Up Gramin Bank IMPS Charges

IMPS is an abbreviation for "Immediate Payment Service". It is an instant interbank electronic fund transfer service that helps you access your bank account and transfer funds immediately, cost-effectively and securely.

Immediate Payment Service (IMPS) was launched on 22nd November 2010 by Smt. Shyamala Gopinath, Deputy Governor, RBI at Mumbai. IMPS facility is provided by National Payments Corporation of India (NPCI) through its existing NFS switch.

Eligibility for Allahabad Up Gramin Bank IMPS

All resident current and savings account holders of the Allahabad Up Gramin Bank who are registered for Net Banking or Mobile Banking or having a valid MMID (Mobile Money Identifier) are eligible for this service.

Services Available under Allahabad Up Gramin Bank IMPS

1. Funds Transfer
2. Receiving Money
3. Make merchant payments
4. Query Service on Aadhaar Mapper: It helps user in knowing their Aadhaar Seeding status with their bank account

Allahabad Up Gramin Bank IMPS Timings

IMPS transactions can be sent and received 24X7, (round the clock), including on holidays.

How to Register for Allahabad Up Gramin Bank IMPS?

• For fund transfers through IMPS, one needs to have IFSC & Bank account number (OR) MMID & Mobile number
• You should have a mobile banking or net banking account
• You can register for net banking at the time of opening your account or later on
• You can get your MMID generated by visiting your branch or calling bank customer care or through mobile app

How to Register the Beneficiary using Allahabad Up Gramin Bank Net Banking?

1. Login to Allahabad Up Gramin Bank Net Banking
2. Click on Transfers and Payments
3. Click on Add / Manage Beneficiaries
4. Add the beneficiary details
5. Click Add Transfer Type
6. Choose IMPS
7. Select the IMPS transfer type and enter the required details
8. Verify the details
9. click on Confirm
10. Activation code will be sent to your registered mobile number
11. Enter the code and the beneficiary will be added

How to Get the MMID for your Account?

• Visit your Allahabad Up Gramin Bank bank branch personally. You can request for mobile banking registration and get an MMID number for making and receiving payments
• Log in your Allahabad Up Gramin Bank Net Banking Account and generate MMID using your Allahabad Up Gramin Bank mobile banking account as you log in the account
• Send request for generation of MMID through SMS from your registerred mobile number bank. The MMID for the account will be sent to you via SMS and email alerts
• Call your Allahabad Up Gramin Bank Customer Care Centre and get your MMID generated

How to Send Money through Allahabad Up Gramin Bank Internet Banking using Mobile Number & MMID?

1. Login to Allahabad Up Gramin Bank Net Banking using your user name and password
2. Click on Payments and Transfer
3. Click on Fund Transfer
4. Select IMPS (Immediate Payment Services) Fund Transfer
5. Select MMID i.e. 'Person to Person (P2P)' option
6. Enter the mandatory details such as amount to be transferred, etc.
7. Click on Submit Button
8. Verify the transaction details
9. Click on Confirm

How to Send Money through Allahabad Up Gramin Bank Internet Banking using Account Number & IFSC?

1. Login to Allahabad Up Gramin Bank Net Banking using your user name and password
2. Click on Payments and Transfer
3. Click on Fund Transfer
4. Select IMPS (Immediate Payment Services) Fund Transfer
5. Select IFSC i.e. 'Person to Account (P2A)' option
6. Enter the mandatory details such as amount to be transferred, etc.
7. Click on Submit Button
8. Verify the transaction details
9. Click on Confirm

IMPS Vs NEFT

IMPS Vs NEFT

IMPS Vs RTGS

How to Receive Money using IMPS?

You need to share your account number and IFSC or mobile number and MMID with the sender to receive money through IMPS.

Merits of Allahabad Up Gramin Bank IMPS

• No cap on minimum amount transferred using IMPS
• Easily Accessible and Cost Effective
• The beneficiary will be credited instantaneously
• Instant confirmation of fund transfer to receiver and sender through SMS
• Available 24x7, 365 days (functional even on holidays)
• It can be operated through multiple channels such as Netbanking, Mobile, ATM & Physical Request to the Bank
• Minimal charges of Fund Transfer

Demerits of Allahabad Up Gramin Bank IMPS

• Cap on Maximum Transfer Amount: Only upto Rs. 2 lakh can be transferred through IMPS
• Funds can be transferred to the new beneficiary only after its activation
• Maximum Rs. 10,000 only can be transferred on the first day of activation
• All the banks in India do not participate in IMPS system
• There is a transaction fee per IMPS fund transfer

Where to Register a Complaint of IMPS Transaction?

All the customers of Allahabad Up Gramin Bank IMPS can log IMPS complaint with Allahabad Up Gramin Bank. They need to give all the details regarding their IMPS transaction such as Beneficiary's Account Number, Beneficiary's Bank Name, Timing of Fund Transfer, Amount, etc.

Which Banks are Offering IMPS?

FAQs