I have never used IMPS – Immediate Payment Service because I thought the only way to do it was by mobile phone number and MMID. Today I saw it can be done with just the recipient’s Account Number & IFSC as well. I did a test transfer from my ICICI Bank a/c to another bank a/c of mine from the mobile app without adding the payee before hand. I do not find similar option on Net Banking though.
Why would you want to use IMPS instead of NEFT? Because funds can be transferred 24×7 whereas NEFT is restricted to NEFT hours only. Besides for a one time transfer, going through the payee registration for NEFT is a time consuming process. I even found out I can use IMPS for the already registered payees. How cool!
You can do IMPS transfer via iMobile App, Net Banking or by dialing *525# from your registered mobile number. Read all about IMPS with ICICI Bank here.
Another useful service from ICICI Bank is SMS recharge for Prepaid Mobile, DTH and Broadband. I have been using the mobile recharge for months.
Send SMS to 9222208888
MTOPUP <10-Digit Mobile No.> <Telecom Operator> <Recharge Amount> <Last 6 Digits of Your ICICI Bank Savings Account No.>