Home

Payment Services

Immediate Payment Service (IMPS)

Overview
  • IMPS provides robust & real time fund transfer which offers an instant, 24X7, interbank electronic fund transfer service that could be accessed on multiple channels like Mobile, Internet Banking, Branch.
  • IMPS is an emphatic service which allow transferring of funds instantly within banks across India which is not only safe but also economical.
  • Our Bank, TNGB is one of the participants in this system introduced by NPCI.
Objectives
  • To build the foundation for a full range of mobile based Banking services.
Features/Benefits
  • Customers can transfer money from one account to another accounts in different banks.
  • Funds will be transferred instantly.
Eligibility
  • Customers of TNGB can send/receive payments under IMPS Scheme to/ from any destination Bank/ Branch which is registered with NPCI’s IMPS System.
The essential details required for remitting funds through IMPS system
    The remitting customer has to furnish the following information to a bank for initiating an IMPS remittance:
  • The Account Number to be debited
  • Amount to be remitted
  • Beneficiary Bank and Branch Name
  • Beneficiary IFSC Code
  • Beneficiary Name
  • Beneficiary Account number
  • Beneficiary Mobile Number
  • Sender to Receiver information, if any
Things in which care should be taken while originating an IMPS transactions
    The following should be ensured while putting through a funds transfer transaction using IMPS
  • Originating and destination bank branches are part of the IMPS network.
  • Beneficiary details such as Beneficiary Name, Account Number, Mobile Number and Account type, Name and IFSC of the Beneficiary Bank branch should be available with the remitter.
  • Extreme care should be exercised in providing the account number of the beneficiary, as, during processing IMPS transactions, the credit will be given to the customer’s account solely based on the Account Number provided in the IMPS remittance instruction / message.
Amount of Remittance
    At Branches:
  • Upto 5,00,000/- per transaction
  • Upto 5,00,000/- per day
Timings
  • 10.00 AM to 05.00 PM on all working days.
Rates & Charges
  • Inward Transactions: No Charges
  • Outward Transactions: Please refer to Service Charges link provided in the Home Page