What Is Instant Money Transfer

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What is Instant Money Transfer?
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Instant Money Transfer

• Instant Money Transfer or IMT is an innovative
  card-less cash withdrawal service.
• It is a domestic money remittance service that
  allows you to send money to anybody with a mobile
  phone.
• The receiver can withdraw money from an Axis
  Bank/Bank of India ATM without using a debit
  card.
• All the details required for withdrawal of the
  cash are received on the beneficiarys mobile
  phone.

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When To UseInstant Money Transfer
Instant Money Transfer services are beneficial in
the following cases-
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How does Instant Money Transfer Work

• Using the IMT service, instant cash can be
  transferred to any mobile number in India by
  providing the beneficiarys mobile number
• To initiate a funds transfer the remitter or the
  sender must login to his Internet Banking and
  initiate IMT
• The beneficiary can be registered instantly as a
  one-time process by entering his/her name, mobile
  number and the address details

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Initiating Instant Money Transfer

• Once the receiver has been registered, IMT can be
  initiated using the receivers mobile number, the
  IMT amount.
• As soon as the transfer is initiated the
  beneficiary will receive an SMS text on his
  mobile phone with all the details regarding the
  transaction mentioned
• The details mentioned in the SMS are-

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Withdrawalvia Instant Money Transfer

• Once the amount has been transferred and the IMT
  details received by the beneficiary, he/she can
  access any Axis Bank/Bank of India network ATM
  and choose to Withdraw via IMT
• The ATM shall require certain details such as-
• As the details mentioned are verified, the cash
  will be dispensed from the ATM machine. The SMS
  code will automatically expire after its usage.

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THANK YOU
Visit www.itsallaboutmoney.com to know more.
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