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Interbank Mobile Payment Service (IMPS)

Bank of Baroda is offering Interbank Mobile Payment Service (IMPS), a unique concept of mobile based account to account funds transfer for registered Bank account holders in collaboration with National Payments Corporation of India (NPCI).

What is IMPS?

Interbank Mobile Payment Service (IMPS) is an instant real time interbank electronic fund transfer service through mobile phones. It facilitates customers to use mobile phone as a channel for remitting funds to accounts in other banks.

The pre-requisites for fund transfer through IMPS is both the remitter and beneficiary needs to register their mobile phones with their bank account and get the MMID upon registration. MMID (Mobile Money Identifier) is a seven digit code issued by the participating banks to their customers for availing IMPS services.

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Baroda M-Connect IMPS Advantage

Instant: Credit of funds happens instantly, as soon as an IMPS transfer is executed.

Anytime: IMPS is available round the clock, 24x7 including weekends and holidays.

Anywhere: IMPS transfers can be executed on the go, on your mobile phone, using Baroda M-Connect Mobile Banking facility.

Simple: All you need for using an IMPS transfer are the beneficiary's mobile number and 7-digit MMID. You do not need other beneficiary's details like account number, IFSC code, bank name, etc.

Customers may please follow the steps as under:

Open the Baroda M-Connect Application with user id and application password.
Select Funds Transfer > Other Bank > IMPS >Beneficiary registration>payment.
Enter MPIN
Enter Amount
Choose OK/ Confirm and send the request.


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
For Remitters (To Transfer 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

What is the Process flow of IMPS?

Step 1: Remitter sends instruction from his/her mobile through his/her bank provided application or SMS.

Step 2: Remitting bank validates the details of the remitter and debits his/ her account. This transaction is sent by remitting bank to NPCI switch.

Step 3: The beneficiary bank validates the details of beneficiary customer, credits the account, sends confirmation about transaction status and sends a SMS to the beneficiary customer informing him of the credit.

Step 4: Transaction status is send to remitting bank which in turn informs the status of transaction to the remitter.

Step 5: Remitting bank send a SMS confirmation of the transaction to the remitting customer.

Bank of Baroda is currently providing this facility to/from mobile banking customers of the following 29 other member banks. Our Customers can transfer/receive money to their accounts in any of these member banks:

Andhra Bank Axis Bank
Bank of Baroda Bank of India
Canara Bank Citibank
Catholic Syrian Bank Corporation Bank
Development Credit Bank Dombivili Nagri Sahakari bank
Federal Bank HDFC Bank
ICICI Bank Indian Overseas bank
IDBI Bank IndusInd Bank
Indian Bank Karur Vysya Bank
Kotak Mahindra Lakshmi Vilas Bank
Oriental bank of Commerce Punjab National Bank
Syndicate Bank South Indian Bank
State Bank of India State Bank of Bikaner & Jaipur
Union bank of India UCO Bank
Vijaya Bank Yes Bank

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