IMPS Reference Number Tracking - Meaning & How To Track It

• IMPS or Immediate Payment Service is an interbank electronic fund transfer service accessible anytime at your convenience.
• The IMPS reference number is a mix of digits and alphabets. It is a unique identifier for your transactions, helping you track transaction status.
• You can execute the IMPS reference number tracking process through internet or mobile banking.

Nowadays, transferring funds has become as easy as sending a text. All it takes is a few taps on your phone, and the money is transferred to the desired account. Among the various options available for instant money transfer is IMPS, which stands for Immediate Payment Service.Just like any other payment mode, IMPS generates a reference number that helps you track your transaction. In this blog, you'll learn about IMPS reference number tracking and its importance in detail.First, let's start with a brief understanding of what IMPS is.

IMPS is an interbank electronic fund transfer service which is available round the clock. Enabling real-time money transfer, IMPS allows transaction initiation across multiple channels mo, such as mobile, internet, ATM, etc.Furthermore, it supports several transaction types, including:

• Sending and receiving money
• Foreign inward remittances
• Beneficiary account check
• Transaction status check

Your bank generates the IMPS reference number, which is a mix of digits and alphabets. It acts as a unique identifier that helps track the transaction status. Thus, IMPS reference number tracking is important for monitoring purposes.

Here are some reasons why the IMPS reference number is important:

• Transaction Confirmation: The IMPS reference number serves as proof of fund transfer. You can share this number with the respective beneficiary to indicate that you made the payment.
• Tracking of Transactions: IMPS reference number tracking helps you monitor and track transactions. The reference number is unique for every transaction and helps you quickly know its status.
• Resolutions of Dispute: The reference number helps expedite the resolution in case of disputes. Sharing the reference number with your bank helps streamline the investigation process.

Tracking your transactions through the IMPS reference number is easy and essential for maintaining accurate financial records. You can initiate the IMPS reference number tracking through internet or mobile banking.

Here are the steps generally followed to know transaction status through internet banking:

• Step 1: Log in to your internet banking account.
• Step 2: Navigate to the ‘Funds Transfer’ option.
• Step 3: Search for ‘View IMPS Funds Transfer’ or a similar option. This option generally appears under the ‘Enquire’ section.
• Step 4: Enter the reference number to view the transaction details.

If you want to enquire about the status of your transaction through mobile banking, here is what you may typically have to do:

• Step 1: Use your credentials and log in to your mobile banking account.
• Step 2: Go to the option indicating money transfer.
• Step 3: Look for the ‘History’ option to view the transaction list.
• Step 4: Select the ‘Status’ option to get the details of a specific transaction.

Another easy way to know the status of your transaction is through customer support. Here is the process normally followed:

• Step 1: Reach out to the contact support of your bank. You may call the official helpline number or use their online chat services.
• Step 2: Enquire about the transaction status with the customer care representative.
• Step 3: Share the relevant details, including the IMPS reference number.
• Step 4: The customer care representative will provide the necessary updates.

You can refer to your bank statements and alerts to check the status of your transaction quickly. Here’s what you can do:

• Step 1: Refer to your bank statement and/or message/email notification received.
• Step 2: Look for the specific transaction. It will reflect the necessary details, including the IMPS reference number.
• Step 3: Use the IMPS reference number to check the transaction status.

IMPS offers ease of money transfer, enabling fast and secure transfer of funds between bank accounts. However, a common question among first-time users is how much money can be transferred.The answer is that the per transaction limit for IMPS follows the NPCI (National Payments Corporation of India) guidelines.It is usually ₹5 lakh (for all channels except SMS and IVR). You can also reach out to your bank for more details.

In case your IMPS transaction fails or you are unable to check its status, simply call your bank’s customer care support. You can get the updated customer care number on your bank’s official website.The customer care representative will typically ask for details like:

• The transaction reference number
• The transaction amount
• The transaction date
• The beneficiary bank

Share these details to know the next course of action.

Instant money transfers help streamline transactions, save time, and enhance your overall experience. You can track the status of your transactions through the IMPS reference number and simplify financial management.Just like IMPS, UPI also facilitates an immediate and round-the-clock fund transfer. Being a convenient way of money transfers. UPI is gaining popularity among many. You too can pay for anything at any time through the ABCD UPI app on your mobile. Download today! Also Read: 5 Ways to Transfer Money from One Bank to Another