A Scheduled Commercial Bank Owned by Govt. of India & Govt. of Karnataka and sponsored by : State Bank of India

Immediate Payment Service- IMPS

IMPS is a service provided by a bank

Quick Enquiry

Immediate Payment Service- IMPS

KGB IMPS (Immediate Payment Service) facilitates instant Inter Bank fund transfer on 24X7 basis.
Funds can be transferred using MMID & Mobile Number or Account Number & IFSC. Service available 24x7, throughout the year including Sundays and Bank holidays

What are the benefits of IMPS?

  • Instant
  • Available 24 x7 (functional even on holidays)
  • Safe and secure, easily accessible and cost effective
  • Debit & Credit Confirmation by SMS

How do I get IMPS enabled


The customer has to do the Mobile Banking Registration if he/she wants to initiate the transaction through mobile channel. For Bank branch channels, mobile registration is not required.


Collect his/her MMID from bank and share with sender or alternatively share his/her Account number & IFS code for receiving money. The receiver can register his/her mobile no. for getting SMS alerts for transactions.

Can a customer link more than one account to the same mobile number?

Yes, customer can link more than one account to the same mobile number. However, each A/C no. will have different MMID

The fund transfer through IMPS can be done using

  • Mobile Banking
  • Through Bank


1. Can a customer receive remittance using the mobile number other than the one registered with the bank?

The customer can receive funds using the registered mobile number only

2. What is IMPS?

Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service. It is being extended by Bank through various channels such as ATM, Internet Banking, Mobile Banking etc. All the Public sector & major Private Banks are participating in IMPS.

3. What is MMID?

Mobile Money Identification Number (MMID) is a seven digit unique number for an account, out of which the first four digits are the unique identification number of the bank offering IMPS. The MMID can be generated by PNB customers through Mobile banking, Internet banking & ATMs

4. What is the daily limit of transaction through IMPS in KGB?

Rs. 50,000/- per day

5. What beneficiary details are required for an IMPS remittance?

Following beneficiary details are required

i. MMID based transfer

  • MMID of the beneficiary
  • Mobile number of the beneficiary
  • Name of the beneficiary

ii. IFSC based transfer

  • Account Number of the beneficiary
  • IFS Code
  • Name of the beneficiary

6. How long does it take for the funds to be credited into the beneficiary account?

Funds are transferred on real time basis without any delay

7. How does the remitter come to know that his account is debited and funds have been credited in the beneficiary`s account?

The remitting bank sends a confirmation message to the remitting customer about the transaction initiated by him / her as per SMS Alert policy

8. How does a beneficiary come to know of funds being credited to his / her banks account?

The beneficiary bank sends a confirmation message to the beneficiary customer informing him / her of the credit in the account as per SMS Alert policy


Find your nearest branch locations for banking.



Call to our toll free number



All it takes is 30 seconds to Download

© 2018 Kaverigrameena Bank. All rights reserved.
Views :
Powered by : SRV InfoTech