|The beneficiary can use the funds immediately on receipt of credit in the account. The funds received through IMPS are good funds and can be used immediately upon credit.|
Can a customer receive remittance using the mobile number other than the one registered with the bank?
The customer can receive funds using the registered mobile number only. In case he/she need to receive funds using the other mobile number, he/she will have to approach the bank and complete the process of changing the registered mobile number for mobile banking.
How does the remitter come to know that his account is debited and funds have been credited to the beneficiary's account
The remitting bank sends a confirmation message to the remitting customer about the transaction initiated by him/her.
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