State Bank of India is a public sector banking and financial services company. The bank was established on 2 June 1806. It is a government-owned corporation in Mumbai, Maharashtra.

Immediate Payment Service (IMPS)

Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones.

Mobile Money Identification Number (MMID) is a seven digit number of which the first four digits are the unique identification number of the bank offering IMPS.

For obtaining MMID for other accounts, they may visit the Branch and apply for MMID by filling up a form.

How to transfer funds using this Service?

Open the mobile banking application

Select Funds Transfer > Select Mobile to Mobile Transfer (IMPS) >enter mobile number of the payee > enter MMID of the payee > Enter purpose (optional) >enter amount > select account to be debited

Choose OK

Enter MPIN

Choose confirm and send the request.

The customers using the USSD based service may choose the IMPS option 7 after successful login and respond as follows:

Enter the Mobile No of the payee
Enter the MMID of the payee
Enter the purpose
Enter amount
Enter the MPIN and complete the request

Customers using the SMS Banking can send the message using the following key words to 9223440000 for making a funds transfer through IMPS.

< IMPS >< Mobile No >< MMID >< amount > < User ID >< MPIN >< Purpose(Optional- 20 Char)>