Jampeta Bank is the first Bank in the Co-operative sector to launch IMPS through branches(Branch Banking) for its Retail and Corporate customers by integrating IMPS platform in its CBS (Core Banking Solution). It is one more online payment system in addition to the existing NEFT/RTGS service available at all our branches. Under this facility customers can approach any of our branches and request for instant fund transfer. IMPS facility allows customers to instantly transfer funds to any other bank account up to Rs. 2 lacs per day .All that one needs to do is key in beneficiary's valid account number and IFSC code. Before doing any transaction in branch banking, kindly ensure that the customer has already been registered for SMS Banking. Currently the bank is providing P2A (Person to Account) mode of transaction only to the customers.
User Guideline For IMPS
What is IMPS?
Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service available through mobile phones/ branch.
How to avail IMPS?
To avail the facility of IMPS, please register your mobile number with the Bank for mobile banking
Transfer of Funds using IMPS
You can transfer fund to other bank account through IMPS using the following options
1. P2A ( Person to Account number)
Using this option , you can send money to any bank account by just entering account number and IFSC code of the beneficiary
2. P2P ( Person to person)
Using this option, you can send money to any bank account using mobile number and MMID of the beneficiary.
PARTICIPATING BANKS OF IMPS
The list of banks offering IMPS is available in the website of National Payment Corporation of India (NPCI) www.npci.org.in. under the section -http://www.npci.org.in/bankmember.aspx
FAQs For Immediate Payment Service (IMPS)
What is IMPS
Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones/ ATM / Internet banking /Branch.
Does the customer need to have a bank account for availing IMPS?
Yes, the customer needs to have a bank account with the bank which has enabled this facility.
Does the customer need to register to remit the funds through IMPS?
Yes. The customer has to register his/her mobile number with the bank..
What beneficiary details does the customer need to do an IMPS remittance?
