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Yes Bank IMPS Charges

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About Axis Bank IMPSIt is an instant interbank electronic fund transfer service
Axis Bank IMPS TimingsAvailable 24x7, 365 days (including Sunday & Bank Holidays)
Axis Bank IMPS Limit (Minimum)Re. 1
Axis Bank IMPS Limit (Maximum)Rs. 50,000
Axis Bank IMPS Charges (outward)Rs. 5 per transaction
Axis Bank IMPS Transfer Modes
  • Using Mobile number & MMID (P2P)
  • Using Account number & IFSC Code (P2A)

Eligibility for Yes Bank IMPS

All resident current and savings account holders of the Yes 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 Yes 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 Yes Net Banking?

  1. Login to Yes 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 Yes Internet Banking using Mobile Number & MMID?

  1. Login to Yes 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 Yes Internet Banking using Account Number & IFSC?

  1. Login to Yes 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 Account Number and IFSC?

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

Merits of Yes Bank IMPS

  • Instant confirmation of fund transfer to receiver and sender
  • The beneficiary will be credited instantaneously
  • There is very nominal charge for IMPS
  • Easily accessible and cost effective
  • No cap on minimum amount transferred using IMPS
  • Available 24x7, 365 days (functional even on holidays)
  • It can be operated through multiple channels

Demerits of Yes Bank 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
  • Cap on maximum transfer amount: Only upto Rs. 50,000 can be transferred through IMPS

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

Yes, I can link more than one account to the same mobile number. However each account number will have different MMID.

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

Maximum Rs. 50,000 for 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 Yes Bank account is debited and the beneficiary account is not credited, then please contact our 24x7 Customer Care Centre.

There are no inward IMPS charges. For outward IMPS, Rs. 5 per transaction is charged. GST of 18% will be applicable on all these charges.

No, after initiating the payment request through IMPS, payment cannot be stopped or cancelled.

There are 2 ways:

  • Beneficiary Mobile Number and MMID
  • 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.

Yes 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 through iMobile is Rs 10,000 per customer per day.

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

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

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

 

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