Do I need to have a bank account to use IMPS?

Yes, in order to use IMPS (Immediate Payment Service), you generally need to have a bank account. IMPS is a service provided by banks and is typically accessed through their mobile banking apps, internet banking platforms, or other designated channels.

To initiate IMPS transactions, you will typically require the following:

1. Bank Account: You need to have an active bank account with a participating bank in India. The bank account serves as the source or destination for the funds being transferred through IMPS.

2. Mobile Banking App or Internet Banking: Depending on your bank, you may need to download and register for the mobile banking app provided by your bank. Alternatively, you can access IMPS through the internet banking platform of your bank. These platforms allow you to initiate IMPS transactions securely using your bank's services.

3. Registration: Once you have a bank account, you will need to register for mobile banking services or internet banking, if you haven't already done so. The registration process may vary from bank to bank but usually involves providing your account details, verifying your identity, and setting up credentials (username, password, or MPIN).

4. Mobile Number Registration: During the registration process, you will typically be required to link your registered mobile number with your bank account. This ensures that you receive important transactionrelated notifications, OTPs, or other security alerts on your mobile device.

It's important to note that while having a bank account is a general requirement for using IMPS, the specific procedures, features, and eligibility criteria may vary slightly among different banks. It's recommended to refer to your bank's official documentation, visit their website, or contact their customer support for precise information on the process of using IMPS and any specific requirements they may have.

By having a bank account and access to mobile banking or internet banking services, you can conveniently utilize the IMPS facility for instant fund transfers and other related services offered by your bank.