Sumerpur Mercantile Urban Co-Op. Bank Ltd.

Immediate Payment Service is an interbank electronic instant money transfer service through our bank / mobile phones. Our IMPS service helps you access your Bank Account and transfer funds instantly. The beneficiary account is credited immediately when a Fund Transfer request is made through your bank account/ Mobile phone. This service is available 24x7 by mobile phones, throughout the year including Sundays and any bank Holiday.
You will need a 7 digit MMID* (Mobile Money Identifier) number to transfer funds via IMPS. For MMID, you request to bank by IMPS Service Form.

Transaction Charges : IMPS ( Immediate Payment Service )

Amounts uptoRs 5000 : Rs 10
Amounts above Rs5000 and uptoRs 25000 : Rs. 20
Amounts above Rs25000 and uptoRs 50000 : Rs.50
Amounts above Rs50000 and uptoRs1 Lacs : Rs. 75
Amounts above Rs1 Lacs and uptoRs2 Lacs : Rs. 100

i. For customers in the age group of 18-70 years having savings account with the Bank.
ii. Accidental insurance cover of Rs. 2,00,000/-
iii. Premium amount Rs. 12/- per annum.
iv. Accidental insurance coverage period from 1st June to 31st May every year.