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HARCO BANK हरको बैंक

THE HARYANA STATE CO-OPERATIVE APEX BANK LTD

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IMPS (Immediate Payment Service)

Instant, 24x7 fund transfers right from your mobile phone with Harco Bank's IMPS.

What is IMPS?

Immediate Payment Service (IMPS) is an instant inter-bank electronic fund transfer service available 24x7, including holidays. It is offered by the National Payments Corporation of India (NPCI) and allows customers to send and receive money immediately through various channels like mobile banking, internet banking, SMS, and ATMs.

IMPS provides robust and real-time fund transfer capability which can be used by customers of all participating banks and PPI issuers. It is a convenient and efficient way to make urgent payments without any time constraints.

Benefits of IMPS

Instant Transfers

Funds are credited to the beneficiary's account instantly, 24x7, even on holidays.

Mobile Friendly

Easily transfer funds using your mobile banking app, making it highly convenient.

24x7 Availability

Available round the clock, 365 days a year, for immediate fund transfers.

Secure & Reliable

Uses robust security protocols to ensure your transactions are safe and reliable.

Immediate Confirmation

Receive instant SMS/email confirmations for both debit and credit.

Flexible Transactions

Suitable for various payment needs, from small amounts to moderate-sized transfers.

Eligibility & Requirements

Who can use IMPS?

  • Individuals with an active bank account and registered for Mobile Banking/Internet Banking with Harco Bank.
  • Customers of banks participating in the IMPS network.

Information Required for IMPS

  • Account Number & IFSC:
    • Beneficiary's Account Number
    • Beneficiary's Bank IFSC Code

Transaction Limits & Timings

Transaction Limits

  • Minimum Amount: ₹1
  • Maximum Amount: Up to ₹5,00,000/- (Rupees Five Lakhs Only) per transaction. (Please note: Limits may vary based on bank policy or channel used, e.g., mobile banking limits.)

Operating Hours

  • Real-Time & 24x7: IMPS transactions are processed instantly and are available at all times, including Sundays and holidays.


How to use IMPS?

Initiate IMPS transfers using your preferred channel:

1

Via Mobile Banking App

Log in to Harco Bank's Mobile Banking App. Select 'IMPS' from the fund transfer options. Choose transfer mode (Mobile Number + MMID or Account Number + IFSC).

2

Add Beneficiary & Enter Details

Enter beneficiary details (Mobile No. & MMID, or Account No. & IFSC). Input the amount you wish to transfer.

3

Review & Confirm

Verify all details carefully before confirming the transaction. Authorize using your Mobile Banking PIN / OTP.

4

Transaction Complete

The fund will be transferred instantly. You and the beneficiary will receive SMS confirmations.

5

Via Visiting Nearest HARCO Bank Branch

Visit the nearest branch , fill out a form, and transfer funds in real-time, leveraging the convenience of a physical branch for quick and reliable transactions.

Frequently Asked Questions

IMPS (Immediate Payment Service) enables instant, 24x7 inter-bank fund transfers, often via mobile phones, for retail payments (typically up to ₹5 Lakhs). RTGS is also real-time but meant for high-value transactions (min ₹2 Lakhs). NEFT processes transactions in batches, taking a bit longer but has no minimum limit.

While there's no minimum limit, the maximum transaction amount for IMPS is generally ₹5,00,000/-. Please note that individual banks or channels (like mobile banking apps) might have their own specific daily or per-transaction limits.

MMID stands for Mobile Money Identifier. It's a 7-digit unique number issued by banks to customers for linking their account to a mobile number, primarily for IMPS transactions via mobile. It allows fund transfers using just the beneficiary's mobile number and MMID, without needing their bank account number or IFSC.

In case of a failed IMPS transaction, the amount is usually reversed to the remitter's account instantly or within a few minutes. If the reversal is delayed beyond an hour, you should contact Harco Bank customer support with your transaction details.

Experience the power of instant payments!

Start using Harco Bank's IMPS service for fast, secure, and convenient fund transfers anytime, anywhere.

Start IMPS via Mobile Banking