Immediate Payments (IMPS)

With this 24x7 facility, money can be transferred to accounts maintained with other bank participating in IMPS almost anytime, even on bank holidays.

• On Net Banking, click on Transfers and Payments
• Click on Add / Manage Beneficiaries and add beneficiary details
• Click Add Transfer Type and select IMPS
• Select the IMPS transfer type and enter the required details
• Verify the details and click on Confirm
• Activation code will be sent to your preferred mobile number
• Enter the code and the beneficiary gets activated for transfer

• On Net Banking, click on Make a Transfer
• Select Immediate Payment Services (IMPS) and select IFSC
• Enter the mandatory details and click on Submit Transaction
• Verify the transaction details and click on Confirm & Transfer
  
  

• On Net Banking, click on Transfers and Payments
• Click on Add / Manage Beneficiaries and add beneficiary details
• Click Add Transfer Type and select IMPS
• Select the IMPS transfer type and enter the required details
• Verify the details and click on Confirm
• Activation code will be sent to your preferred mobile number
• Enter the code and the beneficiary gets activated for transfer
  
  

• On Net Banking, click on Make a Transfer
• Select Immediate Payment Services (IMPS) and select IFSC
• Enter the mandatory details and click on Submit Transaction
• Verify the transaction details and click on Confirm & Transfer

• On Mobile Banking, click on Banking > IMPS > IMPS Fund Transfer
• Select MMID tab.
• Enter the mandatory details and click on Pay Now
• Verify the transaction details and click on Confirm
  
  

This facility is available only through Mobile Banking. Steps to make a Merchant Payment using IMPS:

• On Mobile Banking, click on Banking > IMPS > Merchant Payment
• Enter the merchant's MMID and Mobile Number
• Enter the amount to be transferred and click on Pay Now
• Verify the transaction details and click on Confirm

• Mobile top-up / DTH top-up
• Insurance premium payment
• Online shopping
• Over-the-counter payments
• Fees payments to schools / colleges / universities
• Utility Bill payments
• Travel & Ticketing

• Log in to Kotak Mobile Banking - enter User ID and password
• Click on Banking > IMPS > IMPS Merchant Payments
• Enter the merchants MMID, Mobile Number
• Enter Amount
• Enter Payment Reference Number
   

Payment Reference is a free-text field of 50-characters that is required to be filled as per merchant instructions. For e.g. to make a LIC payment, customer needs to enter LIC mobile number, LIC MMID (as published by LIC), amount of transaction and policy number (in payment reference field).

For list of all services available for Customer Initiated Payments, click here.

Merchant Initiated Payment: The transaction is initiated through a Merchant application (such as Merchant website, WAP site, IVR, mobile application). The typical steps to follow for making transaction are as follows:

• Visit merchant application such as website, mobile application, or WAP site
• Select product / service for which payment is to be made
• In the payment options available, choose IMPS
• Enter credentials as follows:
  • Customer mobile number
  • Customer MMID
  • OTP (One-Time Password)

The transaction status is displayed on the screen. For list of all services available for Merchant Initiated Payments, click here.

• Sending "MMID(space) Last 4 digits of Account Number" as an SMS to 9971056767 or 5676788 from your preferred mobile number registered with the bank. The MMID for the account will be sent to you via SMS and email alerts.
• Login to Mobile Banking and click on IMPS. Click on "View / Modify MMID".
• Calling our 24-hour Customer Contact Centre or visiting the nearest Kotak Mahindra Bank branch
  
  

The customer has the option of generating OTP through three channels

• Mobile Banking application
• SMS banking
• Customer Contact Center
  
  

• Login to Mobile Banking with user id and Password
Click on Banking ->IMPS Menu ->Generate OTP.
• OTP will get generated and the same will be displayed on the Mobile banking screen and will also be sent as an alert (email and SMS) to customer's preferred email ID and Mobile Number registered with the bank.
  
  

• Send SMS OTP(space)(MMID)(space)Last 4 digits of Customer Relationship Number to 5676788 or 9971056767 from registered mobile number
• The OTP will be sent to the customer's registered mobile no. and email ID
  
  

• Call customer contact centre toll free number at 1860 266 2666
• OTP will be sent to customer's preferred email ID and mobile number

The transaction limit for OTP generated through mobile banking application, SMS banking and contact center is Rs. 50,000/- per transaction.

Please share your account number and IFSC or mobile number and MMID with the sender to receive money through IMPS.