Home» RBL Bank IMPS Charges

RBL Bank IMPS Charges

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About RBL Bank IMPSIt is an instant interbank electronic fund transfer service
RBL Bank IMPS TimingsAvailable 24x7, 365 days (including Sunday & Bank Holidays)
RBL Bank IMPS Limit (Minimum)Re. 1
RBL Bank IMPS Limit (Maximum)Rs. 3 Lakh
RBL Bank IMPS Charges (outward)NIL
RBL Bank IMPS Transfer Modes
  • Using Mobile number & MMID (P2P)
  • Using Account number & IFSC Code (P2A)

Eligibility for RBL Bank IMPS

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

How to Register for RBL 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 RBL Net Banking?

  1. Login to RBL 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 Send Money through RBL Internet Banking using Mobile Number & MMID?

  1. Login to RBL 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

IMPS Vs NEFT

IMPS Vs NEFT

IMPS Vs RTGS

IMPS Vs RTGS

How to Send Money through RBL Internet Banking using Account Number & IFSC?

  1. Login to RBL 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

How to Send Money through Mobile Banking using Mobile Number and MMID?

  1. Open RBL Mobile Banking App
  2. Click on Banking -> IMPS -> IMPS Fund Transfer
  3. Select MMID tab
  4. Enter the mandatory details
  5. Click on Pay Now
  6. Verify the transaction details
  7. Click on Confirm

How to Send Money through Mobile Banking using Account Number and IFSC?

  1. Open RBL Mobile Banking App
  2. Click on Banking -> IMPS -> IMPS Fund Transfer
  3. Select IFSC tab
  4. Enter the mandatory details
  5. Click on Pay Now
  6. Verify the transaction details
  7. Click on Confirm

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.

How to Get the MMID for your Account?

  • Visit your RBL Bank bank branch personally. You can request for mobile banking registration and get an MMID number for making and receiving payments
  • Log in your RBL Net Banking Account and generate MMID using your RBL 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 RBL Bank Customer Care Centre and get your MMID generated

Merits of RBL Bank IMPS

  • Instant confirmation of fund transfer to receiver and sender
  • The beneficiary will be credited instantaneously
  • There is no charge for IMPS
  • Available 24x7, 365 days (functional even on holidays)
  • It can be operated through multiple channels

Demerits of RBL Bank IMPS

  • Cap on maximum transfer amount: Only upto Rs. 3 lakh can be transferred through IMPS
  • All the banks in India do not participate in IMPS system

Which Banks are Offering IMPS?

Bank NameMobile No. & MMIDAccount No. & IFS CodeInternetBranchMobileATM
Abhinandan Urban Co.op. Bank LtdLiveLiveLiveLive
Abhyudaya Co Operative BankLiveLiveLiveLive
Adarniya Pd Patil BankLiveLive
Adarsh Co Operative BankLiveLiveLive
Adarsh Mahila Nagari Sahakari Bank Ltd.,aurangabadLiveLive
Aditya Birla Idea Payments Bank Ltd.LiveLive
Ahmedabad District Cooperative BankLiveLiveLive
Ahmednagar Merchant's Co Op. Bank Ltd.LiveLiveLiveLive
Ahmednagar Shahar Sahakari Bank MaryaditLiveLive
Airtel Payments Bank Ltd.LiveLive
Ajantha Urban Co Op Bank LtdLiveLive
Ajara Urban Cooperative Bank LtdLiveLiveLive
Akhand Anand Co Op Bank Ltd(icici)LiveLive
Akola District Central Cooperative Bank LtdLiveLive
Akola Janata Commercial Co Operative Bank LtdLiveLive
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 ... Next

FAQs

On successful completion of the transaction, alerts will be sent on your preferred mobile number and email ID registered with the bank.

  1. Fund transfer using Account Number & IFSC - Minimum Re. 1 and Maximum Rs. 3 lakh
  2. Fund transfer using Mobile Number MMID - Minimum Re. 1 and Maximum Rs. 3 lakh

Yes, the customer should have sufficient account balance to initiate a fund transfer using IMPS.

For any reason, if the IMPS transaction is not processed, the money would be credited back to the sender's account instantly. In case the fate of the transaction is not determined immediately, the reversal of funds will happen on the next working day. In case your RBL Bank account is debited and the beneficiary account is not credited, then please contact our 24x7 Customer Care Centre.

There are no IMPS charges.

Yes, the customer should have sufficient account balance to initiate a fund transfer using IMPS.

There are 2 ways:

  1. Beneficiary Mobile Number and MMID
  2. Beneficiary Account Number and IFSC

The beneficiary should have his mobile number registered with the bank where he has his account and wants to receive the credit.

The beneficiary should have his mobile number registered with the bank where he has his account and he should also have a valid MMID provided by the bank.

RBL Bank does not charge any fees for IMPS fund transfer.

MMID stands for Mobile Money Identifier. MMID is a 7 digit code issued by participating banks to their customers for availing IMPS.

At present, the maximum limit for IMPS transactions is Rs 3 lakh.

The funds get credited into the beneficiary's account instantly.

All resident current and savings account holders of the bank who are registered for Net Banking or Mobile Banking are eligible for this service.

No. You cannot transfer money abroad using IMPS. This facility is available for fund transfers made only in India.

 

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