Now send money through IMPS with just Mobile Number + Bank Name and upto 5 lakhs per transaction limit

[desiviru]

The greatest achievement of this government is that how unbelievably easy they've made it to send and transfer money between people. It is like breathing, almost.

Making money on the other hand...

Humans have to pay for their own convenience. No need to pat Govt's back. Banks were already investing in IT infra but people were hesitents. Only thing that pushed it was cheap or free Internet from Jio which let known communicate things to unknown and brought them out of hesitation.

I have been using online fund transfer, mobile recharges since June 2004 when you had Mobile Internet known only to people in Metros but I living in a small town in Haryana that time was known to every little haappening. In 2005 Airtel NOP (Net on Phone) for Rs.99/month changed the realms with BSNL also bringing things. ICICI brought iMobile for Nokia Java S40 and Symbian S60 Phones and it was easy to tfr money. But it was hard to let people understand as many didn't have access to computers or phones and most of them don't even know what a bank account is and why one should have a bank acc. Forget about having cards. Having cards debit was a luxury and having Credit Card was like having iPhones or Audi these days.

My cousin purchased iPhone and it was mandotory to use a Card to have Apple Account. So I used mine VISA debit card and it deducted $1 = Rs.60 that time in 2007 which came back after 2 months (Yeah that was waiting time for refunds). That time I was living in a small town with complete knowledge (expert level) on how to configure different phones were not known to even customer care and companies itself and I used to help people get Internet on their phone and also on thier desktops by configuring browsers since 2005. Oh! The Nostlagia striking me writing this. Used Paytm the day it was born and came online but stopped using it in 2014. My first eBay purchase with prepayment was in 2006 and it was a phone battery.

Maybe someone is here who knows how we used Free Internet with different operators especially Airtel and then RCOM, Aircel etc using VPNs.

Mukesh Ambani's Jio is the one that really brought Digital Revolution in India while Airtel, Vodafone and Idea didn't care much about Indians and all they were behind were profits always. The 2G scam and cancellation of licenses of cheap operator was brainchild of cartel of Airtel, Idea and Vodafone. But justice done to Indians with Jio. Compared with what people had to pay or keep themselves away from Data due to higher pricing was Jio let everyone to be part of Digital Revolution.

So currently Govt is unable to make any money with txns. The real chapter of paying to use for convenience is yet to arrive. Cuurrently from Govt to Baks to Telcos, all are bearing for what we use. Now it's our turn to pay back in small and very minute installments. 🙂

 

[Abhishek012]

So currently Govt is unable to make any money with txns. The real chapter of paying to use for convenience is yet to arrive. Cuurrently from Govt to Baks to Telcos, all are bearing for what we use. Now it's our turn to pay back in small and very minute installments. 🙂

Govt makes money with txns and govt already give subsidies to banks.

The country doesn’t work the way it seems. The govt creates many things through which they indirectly make money.

Understanding finance and economics isn’t that easy.

Projects like metros, bullet trains, the Statue of Unity or other statues are all loss-making.

But the government still invests in them because they generate more indirect revenue and taxes.

This is how the entire country operates.

The govt earns billions of dollars through UPI.

Banks are always seen in the news saying that UPI is causing them losses, yet those same banks eagerly form partnerships for UPI. Every few months, they proudly announce that banks like Yes Bank, Axis Bank etc., are handling so many UPI transactions and that they want to expand even further.

Just a few weeks ago, in an interview, someone asked about banks incurring a loss of 300 crore rupees in operating the BHIM app.

The CEO of NPCI responded, saying, I don’t know where you got this number from, but the banks themselves are the owners of the BHIM app, and they don’t want it to be shut down.

Wohi baat ho gaya, hati k daat dekhane and khane k alag hote hai. 🤣🤣

UPI has been a profitable business for banks. The only difference is that it gives an indirect profit, not a direct one.

 

[desiviru]

Govt makes money with txns and govt already give subsidies to banks.

The country doesn’t work the way it seems. The govt creates many things through which they indirectly make money.

Understanding finance and economics isn’t that easy.

Projects like metros, bullet trains, the Statue of Unity or other statues are all loss-making.

But the government still invests in them because they generate more indirect revenue and taxes.

This is how the entire country operates.

The govt earns billions of dollars through UPI.

Banks are always seen in the news saying that UPI is causing them losses, yet those same banks eagerly form partnerships for UPI. Every few months, they proudly announce that banks like Yes Bank, Axis Bank etc., are handling so many UPI transactions and that they want to expand even further.

Just a few weeks ago, in an interview, someone asked about banks incurring a loss of 300 crore rupees in operating the BHIM app.

The CEO of NPCI responded, saying, I don’t know where you got this number from, but the banks themselves are the owners of the BHIM app, and they don’t want it to be shut down.

Wohi baat ho gaya, hati k daat dekhane and khane k alag hote hai. 🤣🤣

UPI has been a profitable business for banks. The only difference is that it gives an indirect profit, not a direct one.

Haan bhai mujhe yeh sab pata nahi hai.... Thank you. Mujhe cycle chalani aati hai bas.

Govt earning billions of $ through UPI.... Thanks for telling. Even Govt didn't know that. They will get to know now and will find those billiob $.

 

[Abhishek012]

Haan bhai mujhe yeh sab pata nahi hai.... Thank you. Mujhe cycle chalani aati hai bas.

Govt earning billions of $ through UPI.... Thanks for telling. Even Govt didn't know that. They will get to know now and will find those billiob $.

The govt doesn’t talk about all this because running a country is vastly different from running a household.

Take for example, metro trains

In India, in the cities where metro trains are built, it’s like they’re just burning taxpayers’ money. That’s because the return on investment doesn’t come.

The govt does all this because, in the next 10 to 20 years, wherever metro stations are built, housing, apartments, airports, malls, etc., also come up in those areas. Poor people open small shops there, which allows them to run their businesses, creating jobs in the process.

When you look after 15 years, the govt’s initial investment of taxpayer money in metro trains yields an unlimited indirect return.

This is business. This is how a country is run.

UPI is similar. It brings in more tax revenue for the govt and helps banks to expand their businesses significantly. Bank revenue doubles, triples, or even increases by many times over.

Today, there are so many small finance banks whose beginnings were simply through RuPay cards and UPI.

IDFC Bank for example, didn’t have enough money to issue Visa cards. They started generating profit relying on RuPay and UPI, and only later could afford to issue Visa cards.

Now, some of you might say that IDFC Bank earned a profit by distributing loans, and you’d be 100% right, but can you hand customers an account without a debit card or UPI after they open an account? Even if a bank has enough funds initially to offer loans, they may not want to invest in Visa/MasterCard until they reach a certain level of profit, after which they start issuing them.

There are over 1250+ banks in India, and many of these banks have used UPI and RuPay debit cards as their unique selling points (USP).

Although banks haven't directly earned from UPI and RuPay debit cards, they've made profits on the side by selling this USP.

Now, after 8 years of UPI and 12 years of RuPay debit cards, banks are finally starting to see returns. For small banks, the UPI and RuPay debit card model generates indirect profits.

For large banks, they earn indirectly by partnering with UPI apps, payment gateways and even today, they sell this USP in smaller cities.

Now, if you've read this far, you might understand why the govt doesn't talk about these things—because the average person doesn't fully understand this. Even many in the banking industry don’t understand it. Some bank employees in higher positions make inappropriate comments, like the CEO of Axis Bank, who once said UPI is a loss-making thing, but then a few months later, Axis Bank made a huge investment in UPI to expand partnerships and capture a larger market share in UPI. That’s why you shouldn't take even a bank CEO's words too seriously; any business is driven by its investors. And this last word isn’t my own words. I think it was posted by Mint, and they wrote it. 🤣🤣

 

[mail2jampa]

Login to IB. Now click on Payments (left side) - Fund Transfer - Add Payee - Select Other Bank Payees - Below That Instead of Account Details, Select Mobile Number tab. Enter Mobile and Re-Enter the same then select bank. Done. Next time when you send to it, it will be IMPS only. But if you add account number it will ask whether NEFT IMPS OR RTGS.

Spoonfeeding is what I don't like but this is what we have to do because we are Indians. 🙁

Whenever we initiate FT and select account, it shows 3 Options at bottom which says IMPS, NEFT or RTGS.

Bro you are saying so much confidently. Even such option is not there. With
I asked to share screen shot of MMID transfer OPTION in AXIS BANK mobile or INB
Bro when you dont know, better keep quiet. Or agree That you had mistakenly said.
There is nothing wrong in it. Everyone do mistakes (of course we are spoonfeeded indians as you said)

If you are that much confident , you can share screen shot right, you cant do bcz such option is not there currently.

A single screen shot can show your confidence and my dumbness
Or it will help people whom they should especially spoonfeed with CERLAC

(Regarding IMPS transfer using MOBILENO+MMID in axis bank)

 

[mail2jampa]

I can share screenshot but will do it when I feel the need. Currently I stand by what I said. How can my Internet and Mobile banking can show different things than your is what surprising me.

If you say all the steps I mentioned aren't there for you then better ask Axis whether you have a full fledged account or a restricted one due to KYC issues or even you have Txn facility.

You can't expect me to accept mistake when there is none. I will share ss as I already kept it but let me enjoy this more now.

why stunt dialogues' here bro, because really if MMID transfer option is visible to you, it will be visible to me also. everyone it will be same.
simple screenshot can shut my mouth, but you cant because you are unable to accept your ego,
My account fully functional no such thing today did IMPS, dc swipe, upi , if you dont know answer you just scapegoating situation on KYC bro, how spoon-feed you are.
now I understand why you are using terms like spoon feeding.

i don't have such ego to answer, this is the screenshot where you said to navigate (attached below) , and I am looking for 1 month in same and all option searched. no where I found MMID BASED IMPS TRANSFER IN AXIS

bro you will share only when you feel it needed a bro,
then I am asking to help bro , cant you share your screenshot where it is showing MMID based transfer.
bro i shared mine, Now people who read this will know who is benighted.
its your choice bro, a screenshot to share is not a big thing . but still arguing is like covering your mistakes , to satisfy your ego
nothing happens if I was mistake here or yours.

thank you bro
bye

 

[mail2jampa]

@Abhishek012 @SSV
bros

can you see P2P IMPS MONEY TRNASFER USING MOBILENO+ MMID in AXIS BANK INB OR APP

actually i used this before 4,5 years
but from past 1,2 years I was unable to find that option. now vexed and made a complaint to CTO, CFO with NPCI mandatory circulars to provide IMPS P2P SERVICE in mobile and INB. before this I check 6 accounts and in NONE found the MMID transfer option.

but once again one spoon feed person desi-Veera Pandian saying , he has that option in his ****

so please reply and confirm me bro.

 

[Abhishek012]

@Abhishek012 @SSV
bros

can you see P2P IMPS MONEY TRNASFER USING MOBILENO+ MMID in AXIS BANK INB OR APP

please reply me bro.

UPI aane k baad IMPS na k barabar use karta hu.

 

[mail2jampa]

UPI aane k baad IMPS na k barabar use karta hu.

bro PLEASE requesting you to check it in you axis bank INB or mobile app when you are free and reply me bro

P2P (MOBILE+ MMID) BASED IMPS transfer option in axis bank or not

like we have in HDFC MMID TRANSFER

 

[SSV]

bro PLEASE requesting you to check it in you axis bank INB or mobile app when you are free and reply me bro

P2P (MOBILE+ MMID) BASED IMPS transfer option in axis bank or not

like we have in HDFC MMID TRANSFER

 

[mail2jampa]

View attachment 74563

Bro I asked P2P mode for IMPS transfer using MMID+MOBILE NO (NOT SHOWING THIS OPTION) - Asked about this bro

You kept photo Bank accoount + IFSC i.e P2A IMPS mode. (YES REGULAR USED OPTION SHOWING )

 

[SSV]

Bro I asked P2P mode for IMPS transfer using MMID+MOBILE NO (NOT SHOWING THIS OPTION) - Asked about this bro

You kept photo Bank accoount + IFSC i.e P2A IMPS mode. (YES REGULAR USED OPTION SHOWING )

I showed you what it was showing

 

[mail2jampa]

Bor, why you posted this shot also. Let him roll around. He is unable to understand what I wrote. He is looking for MMID and currently NPCI has allowed only mobile number to be used from many days. He is unable to figure out thing when it is in front of him. Let him atleast open Internet Banking in browser first. Everything is in front but he wants to be spoonfeeded again and then telling me I have ego problem. I can show path, can't travel all along.

Because he cant stunt like you bro. He is the one of those, who doesnt want to show off like ypu bro, what ever he knows he says otherwise his reply will be, dont know as simple as it is.

Telling people without proper knowledge and showing off here what you are doing . Showing stunt that you know everything. Without basic knowledge . To get some score.
This is the way your are spoonfeeded. No mistake. I think still you are on the same CERLAC.

Bro you doesnt even know basic things. And commenting simply faltu . Bcz of like you people are misunderstanding the actual banking features.

Bro if you dont know keep quite bro. Again saying wrong info that NPCI is allowing only mobile no based imps. Who said you bro. May be you are unable to understand english.

Let me explain you.
Imps transafer has two methods as per NPCI
A)P2A Railroad(USING AC NO+ IFSC)
B)P2P Railroad HAS TWO METHODS
1) USING MMID+ MOBILE NO ( MAX ALL BANKS ARE LIVE INCLUDING AXIS)
2) SIMPLIFIED IMPS I.E ONLY MOBILE + BANK NAME. ( ONLY 6 BANKS ARE LIVE ,NO AXIS BANK) recently launched last year, madatory from FEB1st 2024. This is because the data base has been moved from ISO FORMAT to XML format ( reason its becomming difficult so NPCI mentioned to club B1,B2 with Diff head dashboards under same railroad workflow integarted data base )


You are saying only mobile number allowed by NPCI bro read circulars bro, now only i came to know you are how much dumb. If you have PNB bank you can see above all methods.
Open HDFC you can see MMID based B1 method.

Every bank must compulsory provide a) , b1) in their mobile and INB compulsory as pwr NPCI circular


FYI, Axis bank top most CTO team after my mail has confirmed me officially yesterday mrng bro, that mistakenly P2P option is not showing . One of the team person has also called me also. He said he will be contacting me again in 2 working days. And he requested me not to go to NPCI regarding this. He said it may happend due to technical update glitch as per their internal assement.
because of COMPULSORY , axis CTO team has reuqested me to stop, other they will say f** off to me.

But I want to proove your fake stunt bro. That is the reason you havent kept ypur proof.
Thats why I am asking to show the thing where every one cant see.
They cleary replied P2P tab itself is missing
FOr you only it shows aaa bcz u do show off

 

[SSV]

Because he cant stunt like you bro. He is the one of those, who doesnt want to show off like ypu bro, what ever he knows he says otherwise his reply will be, dont know as simple as it is.

Telling people without proper knowledge and showing off here what you are doing . Showing stunt that you know everything. Without basic knowledge . To get some score.
This is the way your are spoonfeeded. No mistake. I think still you are on the same CERLAC.

Bro you doesnt even know basic things. And commenting simply faltu . Bcz of like you people are misunderstanding the actual banking features.

Bro if you dont know keep quite bro. Again saying wrong info that NPCI is allowing only mobile no based imps. Who said you bro. May be you are unable to understand english.

Let me explain you.
Imps transafer has two methods as per NPCI
A)P2A Railroad(USING AC NO+ IFSC)
B)P2P Railroad HAS TWO METHODS
1) USING MMID+ MOBILE NO ( MAX ALL BANKS ARE LIVE INCLUDING AXIS)
2) SIMPLIFIED IMPS I.E ONLY MOBILE + BANK NAME. ( ONLY 6 BANKS ARE LIVE ,NO AXIS BANK) recently launched last year, madatory from FEB1st 2024. This is because the data base has been moved from ISO FORMAT to XML format ( reason its becomming difficult so NPCI mentioned to club B1,B2 with Diff head dashboards under same railroad workflow integarted data base )


You are saying only mobile number allowed by NPCI bro read circulars bro, now only i came to know you are how much dumb. If you have PNB bank you can see above all methods.
Open HDFC you can see MMID based B1 method.

Every bank must compulsory provide a) , b1) in their mobile and INB compulsory as pwr NPCI circular


FYI, Axis bank top most CTO team after my mail has confirmed me officially yesterday mrng bro, that mistakenly P2P option is not showing . One of the team person has also called me also. He said he will be contacting me again in 2 working days. And he requested me not to go to NPCI regarding this. He said it may happend due to technical update glitch as per their internal assement.
because of COMPULSORY , axis CTO team has reuqested me to stop, other they will say f** off to me.

But I want to proove your fake stunt bro. That is the reason you havent kept ypur proof.
Thats why I am asking to show the thing where every one cant see.
They cleary replied P2P tab itself is missing
FOr you only it shows aaa bcz u do show off

Okay If this is what you are looking for in AXIS which is equivalent to HDFC''s MMIDoption, it is not available in AXIS both in the app/ net banking.

In AXIS , only IMPS by account number is available by adding the payee with account ni , ifsc code etc details..






Note:
I am not reading the whole thread these days, I am only answering / replying for those posts where I was quoted / asked for / mentioned..
can't find time to read all the posts in any given thread...

 

[mail2jampa]

Okay If this is what you are looking for in AXIS which is equivalent to HDFC''s MMIDoption, it is not available in AXIS both in the app/ net banking.

In AXIS , only IMPS by account number is available by adding the payee with account ni , ifsc code etc details..


View attachment 74620



Note:
I am not reading the whole thread these days, I am only answering / replying for those posts where I was quoted / asked for / mentioned..
can't find time to read all the posts in any thread...

But our friend desi verapandian, who was still Eating CERLAC has saying that his axis bank login is showing the MMID based transfer option in axis bank where for no one it is showing.
Or in his terns some mobile no based.

Bro tq for atleast replying the truth that it is not showing in AXIS.
Now people will know who is still on CERLAC(spoon Fèed), simply arguing, just cant accept mistake also.

Axis bank officially said by calling me. Its their mistake. That due to technical issue it is missing. Thats why I shared them mandatory guildelines of NPCI circular for providing that option.

but when I asked him 👇👇 requestingly he denied that He cant spoonfeed others. And cant share screenshot.

Bye bro tq.

Login to IB. Now click on Payments (left side) - Fund Transfer - Add Payee - Select Other Bank Payees - Below That Instead of Account Details, Select Mobile Number tab. Enter Mobile and Re-Enter the same then select bank. Done. Next time when you send to it, it will be IMPS only. But if you add account number it will ask whether NEFT IMPS OR RTGS.

Spoonfeeding is what I don't like but this is what we have to do because we are Indians. 🙁

Whenever we initiate FT and select account, it shows 3 Options at bottom which says IMPS, NEFT or RTGS.

I can share screenshot but will do it when I feel the need. Currently I stand by what I said. How can my Internet and Mobile banking can show different things than your is what surprising me.

If you say all the steps I mentioned aren't there for you then better ask Axis whether you have a full fledged account or a restricted one due to KYC issues or even you have Txn facility.

You can't expect me to accept mistake when there is none. I will share ss as I already kept it but let me enjoy this more now.

 

[mail2jampa]

From today mrng until evening My AXIS BANK mobile had not worked, I was intially scared that they blocked my account due to complaint. But later I checked my in my collegues axis mobile app expect one persons every one App not worked. DOes any one experienced this???

Today I got call again call from CTO team around 4PM, they intimated me that they added a new tab of SIMPLIFIED IMPS which is madatory by IMPS FROM 1FEB2024 AFTER MY COMPLAINT, and he said they are trying to add MMID based tab also. And he thanked me so much informing because it is voilation of NPCI.
I requested him to check and add MMID+ MOBILE tab which is Old P2P IMPS 2013 method, previously it was there in AXIS bank, I used to pay my workers like that only.

I hope everyone can see it now, I checked it with my collegues and Parents axis apps , now it is visible on every ones app. If posible I will take photo from other phone and will update again.

please convey yours after checking, axis-pay-send money-add payee - other bank payee - Mobile number +BANK NAME (SIMPLIED IMPS)
( NOT ALL BANKS ARE LIVE IN THIS)
(IF YOU RECEIVER HAS TWO ACCOUNTS, AMOUNT WILL BE CREDITED TOPRIMARY MARKED ACCOUNT , IF NO PRIMARY ACCOUNT MARKED TRABSACTION FAILS.)