What Is An IMPS Reference Number and How To Track It Online?

What Is An IMPS Reference Number and How To Track It Online?

16 January, 2024

Digital payments have become an integral part of our lives, providing a plethora of convenient options for transferring funds to friends, family or merchants. Immediate Payment Service (IMPS) is one such option that enables you to transfer funds instantly and in a secure manner. Every IMPS transaction that you carry out generates a unique IMPS Reference Number. This reference number acts as an identifier, enabling us to track the status of transactions. Let us explore the process of tracking your IMPS reference number online.

What is an IMPS Reference Number?

The IMPS Reference Number is provided after you complete an IMPS transaction. It acts as a tracking code to monitor the status of your transaction. The reference number is a combination of alphabets and numbers generated by the bank for processing an IMPS transaction.

Why is the IMPS Reference Number important?

Here are some key reasons that signify the importance of the IMPS Reference Number:

  • Proof of confirmation

    It acts as proof of confirmation, implying that the transaction has been completed successfully and money has been credited to the recipient’s account. You can use this number as evidence of fund transfer in case of any queries that may arise in future.

  • Dispute resolution

    You can use a reference number to resolve disputes. You can share the reference number bank’s customer support to investigate or resolve any discrepancies.

  • Transaction tracking

    The reference number allows you to track the status of your IMPS transactions. Using the reference number, you can retrieve detailed updates about specific IMPS transactions.

Understanding IMPS fund transfers

Immediate Payment Service is a fast and secure interbank electronic fund transfer service. It enables you to transfer money instantly from your bank account to other bank accounts. IMPS is accessible through multiple channels, which include:

  • Mobile Banking

  • Internet Banking

  • ATMs

  • Bank Branch

  • SMS services

The availability of several channels makes IMPS a convenient and widely used fund transfer service.

How to track IMPS transactions using the reference number?

You can track your IMPS transactions either by Internet Banking or Mobile Banking services. Here is a step-by-step guide on how to do it:

  1. Tracking IMPS transactions through Internet Banking

  1. Visit the HDFC Bank Internet Banking portal.

  2. Login to your HDFC Bank account using your credentials.

  3. Click on the ‘Funds Transfer’ option.

  4. In the Enquire section, Click on ‘View IMPS Funds Transfer.’

  5. Enter the Reference Number of the transaction you want to track/view.

Upon submitting the request, the requested transaction details and status will be displayed on the screen.

  1. Using Mobile Banking application to track IMPS transactions 

  1. Login to the HDFC Mobile Banking application.

  2. Tap on the ‘Money Transfer’ tab.

  3. Navigate to view the list of transactions list under ‘History.’

  4. Tap on the ‘Status’ to view transaction details.

What is the limit on IMPS fund transfers?

The NPCI sets the guidelines on IMPS fund transfers. The central bank has set certain limits on IMPS fund transfers to ensure the safety and security of transactions. The details are as follows:

  • If you are using an account number to make an IMPS transaction:

    • The maximum amount you can transfer per transaction is ₹5,00,000.

    • For third-party transactions, the maximum amount that you can transfer in a day depends on the TPT limits prescribed by HDFC Bank.

  • If you are using MMID for IMPS transactions:

    • ₹5000 is permissible per day for IMPS transfers through both NetBanking and Mobile Banking channels.

How to resolve issues with IMPS transactions?

If your IMPS transaction fails or if you are unable to check the status of your transaction, you need to wait for 24 to 48 hours for the funds to be reversed to your account or credited to the recipient's account. If you do not receive any transaction updates after this timeframe, please feel free to contact us at our toll-free number 1800 1600 / 1800 2600 or send us a written inquiry.

You will need to provide the following details:

  • Transaction Reference Number.

  • Amount of transaction.

  • Date of transaction.

  • Beneficiary bank name.

Wrapping up

While the IMPS Reference Number helps users in various aspects, it is essential to make sure that it does not end up in the wrong hands. Treat your reference number as sensitive information and refrain from sharing it with anyone other than the authorised representatives of the bank or the beneficiary.

Get onboard with HDFC Bank by applying for a Saving/Current Account and redefine your banking experience.

*Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances

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