As you want to know about the IMPS (Immediate Payment Service) of Oriental Bank Of Commerce

IMPS (Immediate Payment Service) Through NPCI (National Payment Corporation of India)

NPCI (National Payments Corporation of India) has launched the services of IMPS (Immediate Payment Service) for integrating Mobile Banking Services being offered by an assortment of Banks through NFS network thereby facilitating instant Inter Bank fund transfer and credit to beneficiary account round the clock on all days.

In order to facilitate instantaneous Inter Bank fund transfer to our customers, we have also integrated with IMPS services of NPCI.

This service shall be supplementary to the services of Inter Bank fund transfer services at present being offered by Mobile Banking services using NEFT platform.

Features and Functions of IMPS services-

IMPS offers an immediate, 24X7, interbank electronic fund transfer service through mobile phones.

IMPS facilitate customers to use mobile instruments as a channel for accessing their bank accounts and put high interbank fund transfers in a secured approach with immediate confirmation features.

It enables bank customers to use mobile instruments as a channel for accessing their banks accounts and remit funds

Making payment simpler just with the mobile number of the beneficiary.

How to avail IMPS services and its Activation

1.Customers already availing Mobile Banking Services of Bank- customers already availing mobile banking services of bank shall download the newest version of mobile banking application to their Mobile Phones.

2.Customers eager of availing Mobile Banking and IMPS services- Customers shall register for Mobile banking services through ATM or Branch.

3.Customers desirous of availing IMPS services for inward credit only - Customers must register their services for SMS Banking services of Bank and after activation of services must send SMS "MMID" to the number 9223173923.

Process for obtaining MMID (Mobile Money Identification Number) for -:

1.Customers previously availing Mobile Banking Services of Bank
Customer shall select menu option "Fund transfer< Other Bank< Register for
IMPS" of mPay application to obtain MMID.

2.Customers Not availing Mobile Banking Services of Bank but are registered for SMS Alert facility obtainable by Bank-

Customer shall send SMS "MMID" to the number 9223173923 to obtain MMID.
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.

For Beneficiary (To receive funds):
Share your Mobile number and MMID with the remitter
Ask the remitter to send money using your Mobile number and MMID
Check the confirmation SMS for credit to your account from the remitter
Note the transaction reference number for any future query