Utrans4 - Instant Money Transfer Service

Domestic Money Transfer Services using IMPS (Immediate Payment Services)
What is IMPS?
IMPS i.e. Immediate Payment Service is instant money transfer service introduced by NPCI which provides 24X7, instant fund transfer facility, to bank
customers across India.
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 this facility works?
Customer walks-in to your office. Fill up the transaction form with required details like Receiver’s Name, Bank Ac Details & Mobile Number. You will
login to our terminal with the provided user id & password. Enter the customer details, bank details, IFSC code etc & send money to the receiver.
Is all the banks covered under this facility?
Almost all the leading banks in India are covered for immediate money transfer (IMPS) facility. At present there are 66 leading banks are tied up with
NPCI (National Payments Corporation of India) to provide this facility. More banks will follow soon. The banks which are not covered under IMPS
facility can still be used to send money using NEFT facility.
Can we avail this facility after banking hours also?
Yes. One can avail this facility even after banking hours also. IMPS payments works 24 x 7 x 365 days while NEFT works on stipulated banking hours**.
What is the commission charged to customers?
Retailer can charge up to 1.50% commission from the customer. But they have the freedom to charge less also according to the volume & locality.