You can send money to a beneficiary account from anywhere in India from your mobile phone.
The money can be withdrawn by the beneficiary from his/her bank account or any ATM Machine.
Once the transaction gets completed the remitter and beneficiary will get an sms confirmation of transaction immediately.
Advantages of Immediate Payment Services to customers
How to get money
» Greater Customer convenience
» Available on Holidays
» Reduce Turnaround Times and Cost Savings
» Extensive Application security
» User friendly, simple interface
» Mobile banking having an edge over internet banking
» Available across the banks
How to send money
» Link your mobile number to Pavana Bank Bank account to get your 7 digits mobile money identifier(MMID) from the bank
» Share your mobile number and MMID with the remitter
» Ask the remitter to send money using your mobile number and MMID
» Check the confirmation SMS for credit to your account of the remitter
Pre-requisite for Mobile banking through Immediate Payment Services
» Register yourself for mobile banking with Pavana Bank
» Get your 7 digit Mobile Money Identifier (MMID) from the Bank
» Enable and activate your mobile banking service of your bank on your handset by downloading Pavana Bank Mobile Application,
Register yourself into it and get Mobile Banking PIN (MPIN)
» Get the beneficiary mobile number and his/her MMID
» Send money to the beneficiary following the menu option in the mobile banking application
» Check the confirmation SMS for debit to your account and credit to beneficiary account
» Register yourself for mobile banking services with Pavana Bank using your WAP/GPRS enabled handset
» Get Mobile money Identifier number (MMID) from Pavana Bank.
» Download software for mobile banking as per the guidance from Pavana Bank.
» Register yourself and get MPIN.
» The beneficiary has to link his mobile number to his account and must have MMID number from his respective bank.
The mobile and MMID number should be shared with remitter to receive the fund.
» Daily Transaction Limit for Mobile Banking is Rs.50, 000/-.