Sbi launches debit card less instant money transfer facility




Sbi launches debit card less instant money transfer facility:

What is instant money transfer(IMT) faclity?
Instant money transfer is unique way to transfer money instantly to anyone anywhere in india.
The receiver can withdraw money from any SBI IMT enable ATM without using debit card.

This service is available 24/7.

How to register beneficiary for SBI instant money transfer?
1. User first needs to register the beneficiary.
2. In order to register user needs information like name, mobile no and address including pin of the beneficiary.
3. Customer will be required to provide the name and address of the beneficiary via SMS (to 567676) in the format: BREG 98345xxxxx+Name+Address+Pin,i.e, beneficiary’s mobile no., beneficiary’s name, beneficiaries location and location’s PIN number.
4.If customer wants to de-register beneficiary. He needs to send message as UNREG 9912345678,i.e only the mobile number registration.

Steps to perform at ATB for initiating IMT using SBI ATM.
1. At ATM screen, select transfer option
2. Enter debit card PIN
3. Select IMT option
4. SELECT IMT INitiate
5. Enter beneficiary mobile number-10 digits
6. Enter your mobile number-10 digits
7. Enter sender code-4 digits ( to be shared only with beneficiary )
8. Re-enter sender code
9. Enter amount ( in multiples of Rs.100/- and max Rs.10000/-)
10 Select YES or NO on confirmation screen
11. Select account type- Savings/Current
12 After successful IMT initiation a 15 digit IMT ID will be generated and a 4 digit SMS code will be sent to Beneficiary mobile number.

Steps to perform at ATB for IMT status
1. At ATM screen, select transfer option
2. Enter debit card PIN
3. Select IMT option
4. Select IMT status Enquiry
5. Enter 15 digit IMT ID
6. Select account type- Savings/Current




Steps to perform at ATB for Withdrawing amount:
1. Use bottom right FDK/touch screen in idle screen of the ATM against IMT logo
2. Enter Beneficiary mobile number
3. Enter sender code
4. Enter SMS code received on mobile
5. Enter amount (Full IMT amount, partial withdrawal not allowed)
6. Select YES or NO on confirmation screen
7. Collect the cash.

Service charges:
The sender will be charged a nominal fee of Rs. 25/- per transaction.
If IMT amount is not withdrawn:
The IMT lapses and the amount is re-credited to the sender. However, the service charges  are not refunded.

Reference:

https://www.sbi.co.in/portal/web/services/sbi-instant-money-transfer-imt-




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