IMPS Oriental Bank of Commerce

Is there anybody who will tell about IMPS service of Oriental Bank of Commerce? Is there any charge taken by Oriental Bank of Commerce for IMPS Service?

[shikha]

NPCI (National Payments Corporation of India) has launched the services of IMPS (Immediate Payment Service) for integrating Mobile Banking Services.

Features and Functions of IMPS services
IMPS offer an instant, 24X7, interbank electronic fund transfer service through mobile phones.

IMPS facilitate customers to use mobile instruments

Making payment simpler just with the mobile number of the beneficiary

How to avail IMPS services and its Activation
Customers already availing mobile banking services of bank will download the latest version of mobile banking application to their Mobile Phones.

Customers will register for Mobile banking services through ATM or Branch.

Customers should register their services for SMS Banking services of Bank and after activation of services should send SMS "MMID" to the number 9223173923.


Menu Options of Mobile Banking applications for initiating IMPS transactions-
(One time registration of beneficiary)
Select Menu option Fund Transfer> other Bank> Beneficiary Registration>Online Fund transfer (IMPS)
Enter Beneficiary MMID (seven digit number)
Enter Beneficiary Mobile Number
Enter a nick name for the beneficiary
Complete registration

(Transfer of Funds)
Select Menu option Fund Transfer> other Bank> Payment>Online Fund transfer (IMPS)> Search Registered beneficiary
Select beneficiary, Enter Amount and your 4 digit mPin.
Get transaction successful message on screen and inbox.
Funds are transferred to the other bank account on real time basis.