Immediate Payments (IMPS)
Now you can instantly transfer funds online safely from your bank account anytime with ease.
MMID stands for Mobile Money Identifier. MMID is a 7 digit code issued by participating banks to their customers for availing IMPS.
IMPS can be accessed through Kotak Mahindra Bank's Net Banking and Mobile Banking.
For any reason, if the IMPS transaction is not processed, the money would be credited back to the sender's account instantly. In case the fate of the transaction is not determined immediately, the reversal of funds will happen on the next working day.
On successful completion of the transaction, alerts will be sent on your preferred mobile number and email ID registered with the bank.
All resident current and savings account holders of the bank who are registered for Net Banking or Mobile Banking are eligible for this service.