I received a notice stating that Rs 1 creditted in my bank account by IMPS. There was no such transaction that I started. It is what?
Your account has been linked to an organization (such as a bank, mutual fund, equity market, depository, etc.). When you give these companies your bank account information so they may automatically credit or debit the appropriate perks or obligations, the stated institution verifies that your bank account is legitimate. It is customary to credit your account with Rs. 1 for this purpose. If this works, it implies your account information is accurate. The Instant Messaging Process System (IMPS) is what is used for this. So, someone has verified that the information on your account is accurate.
CAMS is a Registrar and Transfer Agent for mutual funds. It credits ₹1 to verify the bank account registered with the mutual fund folio.
If you have noticed a credit of Rs 1 in your bank account through IMPS (Immediate Payment Service), it is likely a test transaction or a promotional credit from the bank or a third-party service. Here are a few possible reasons for this credit:
- Test Transaction: Sometimes, banks or payment service providers initiate small test transactions, such as Rs 1, to verify the connectivity and functionality of the payment system. These transactions are usually nominal and do not carry any monetary significance.
- Promotional Credit: Banks or third-party services occasionally offer promotional credits to account holders as a gesture of appreciation or to encourage the use of specific services or features. These credits are typically small amounts and can be seen as incentives or rewards.
- Transaction Fee Reversal: In some cases, banks may credit a nominal amount like Rs 1 to reverse a transaction fee or service charge that was previously deducted from your account. This is often done for accounting purposes or to maintain a minimum balance requirement.
If you are unsure about the reason for the credit or if you have any concerns, it is advisable to contact your bank’s customer support or visit your nearest bank branch. They will be able to provide you with specific information regarding the credit and address any queries you may have.
NEWS
Rs 1 creditted in my bank account by IMPS : r/india – Reddit
Someone might be checking to see if they had the correct account no. Don’t worry, either it would get reversed or its not your problem. You might have opted for some free trial or something on similar grounds. They deduct re 1 to check your details are correct and refund it.
IMPS – Instantly Transfer Funds with Immediate Payment Service – HDFC Bank
IMPS – Immediate Payment Service Send money instantly using beneficiary’s account no. or mobile number Send money instantly using IMPS, 24*7, 365 days 24*7 Send money any time of the day Convenient Transaction can be done using only the mobile no. and MMID of the beneficiary Instant Funds reach your beneficiary instantly All You Need To Know
Quora – A place to share knowledge and better understand the world
Someone transferred Rs 1 to my account through IMPS. Is someone trying to steal the money? – Quora Answer (1 of 6): As far as my understanding is concerned as a Banker, this is a account validation check. This is account validation check. 2.
I got a message saying Re. 1 transferred to my bank account through …
Answer (1 of 8): You might have opened a demat Trading account, and for name confirmation of folio same transaction has been posted. You might have opened a demat Trading account, and for name confirmation of folio same transaction has been posted. Something went wrong. Wait a moment and try again. Try again
Immediate Payment Service | Mobile Banking | IMPS Mobile Payment Service
About IMPS: PNB IMPS (Immediate Payment Service) facilitates instant Inter Bank fund transfer on 24*7*365 basis. To transfer the funds, you just need to have the beneficiary’s mobile number & MMID or Account number and IFSC. IMPS service can be accessed through multiple channels:- Internet Banking (Retail & Corporate) PNB ONE Visiting PNB Branch
IMPS (Immediate Payment Service) – Limit, Timings, Fees, MMID
A P2A transfer using IMPS can be made through your mobile banking account. IMPS P2A means that you only require the account number and IFSC code of the beneficiary account. You have to follow these steps to complete your transaction: Log into your mobile banking account using the password and username. Choose Funds Transfer and click on IMPS.
Immediate Payment System (IMPS): Transfer Funds Instantly
Smart Credit Card. Get up to Rs. 18,000* cashback annually, 2% cashback* on all online spends. Platinum Reward Credit Card. … The money transfer through IMPS is as safe and secure as NEFT and RTGS. The beneficiary’s bank account gets credited instantly Instant
Greetings! I’m impressed with the recent article on your site. Your commitment to quality and relevance is admirable. 153541399