Is it mandatory to have a mobile number registered with the bank to use IMPS?

Yes, it is generally mandatory to have a mobile number registered with the bank to use IMPS (Immediate Payment Service). When you register for IMPS services, one of the primary requirements is to link your registered mobile number with your bank account.

Here's why having a registered mobile number is important for IMPS:

1. Transaction Notifications: IMPS transactions involve realtime transfer of funds, and having a registered mobile number ensures that you receive instant notifications regarding the status of your transactions. You will receive updates about successful transfers, failed transactions, transaction reference numbers, and other important details.

2. OneTime Passwords (OTP): For added security, banks often require an OTP to authenticate IMPS transactions. The OTP is sent to your registered mobile number and is used to verify your identity during the transaction process.

3. Security Alerts: Your bank may send security alerts and notifications related to IMPS transactions to your registered mobile number. These alerts help protect your account from unauthorized access or suspicious activities.

4. Transaction Confirmation: Some banks may require you to confirm or authorize IMPS transactions through SMS or other means. Your registered mobile number serves as a communication channel to receive these confirmation requests and provide the necessary approvals.

Registering your mobile number with the bank is a standard practice for most banking services, including IMPS. It helps ensure the security, efficiency, and effective communication of your IMPS transactions.

If you haven't yet registered your mobile number with your bank, you may need to visit your bank branch or use their designated channels (such as internet banking or mobile banking app) to update your contact details. Contact your bank's customer support or refer to their official documentation for specific instructions on how to register or update your mobile number for IMPS and other banking services.