IMPS Payment Guide

IMPS stands for “Immediate Payment Service” and it is a popular online payment method used by millions of Indians on a day-to-day basis. It has also been a common choice when moving money to and from online casinos in recent years. IMPS payments are managed by the National Payments Corporation of India (NPCI) and this fact makes it reliable and trustworthy.

IMPS technology is not something you may have heard of before because it is hidden behind popular payment apps such as Google Pay and PayTM. However, it has become an important part of the online casino environment in India. The decision to play at IMPS casino sites has a lot to do with the high level of security and the quick transactions that it provides to players.

Read on as we explain all about IMPS and how you can benefit from making fast and cost-effective deposits and withdrawals at your favourite online casino sites.

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What is IMPS?

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IMPS payments allow you to make direct transactions using Indian Rupees. Funding your online casino accounts is one of the most important elements of your gaming journey. You want to be able to trust the payment method and ensure that your hard-earned money is secure when you request a deposit or withdrawal.

The sophisticated security element of IMPS is one of the leading reasons behind why it has been so popular. You do not need to worry about currency conversion fees or any safety issues because this is all managed and processed in India by the trusted NPCI. As a result of IMPS, Indian players are now taking advantage of minimal fees and fast online transactions.

How Do IMPS Payments Work?

IMPS payments work via digital transactions and it is very easy to understand and follow once you have completed the process once. It uses NEFT technology (National Electronic Funds Transfer) to transfer money quickly and securely from one user to another user via mobile banking apps or net banking services. In this case, you would be using IMPS to deposit and withdraw money at an online casino that allows IMPS or Net Banking options.

The one important fact to be aware of here is that both you and the online casino must have Indian bank accounts for this to work. This means that it is not a widely accepted payment method at international online casinos due to the complications around obtaining local Indian bank details. Therefore, you will need to ensure that your casino of choice is capable of making IMPS transactions – we will list a few of the main IMPS-friendly casino brands later on.

Getting started with IMPS is a simple process, see below for our quick step-by-step guide:

  1. Activate the mobile IMPS service on your bank account
  2. Receive your unique MMID number – Mobile Money Identifier
  3. Add your Aadhaar card number, your bank details and the MMID
  4. You will now be ready to start using IMPS payments online

The Features of IMPS Payments

  • Top-Rated Security – It is designed by the NPCI, so you can bank with complete peace of mind and 100% trust.
  • Instant Transactions – Money is sent instantly via several available methods to suit your personal requirements.
  • 24/7 Access – Easily send and receive money throughout the year no matter what day or time it is.
  • Cost Saving – All transactions are managed within India and so there are no large currency conversion fees to worry about.

Popular payment methods you can use with IMPS Payments

You have a long list of options when using IMPS payments and some of the most popular options in India are the PayTM, Google Pay and PhonePe apps. We understand that all players have their own specific needs and some players prefer third-party apps and others prefer to use the app of their own bank. The choice is yours and you can find some of the popular options available to Indians when sending and receiving IMPS payments below:

  • Google Pay
  • PayTM
  • PhonePe
  • ICICI iMobile
  • HDFC Mobile Banking
  • M-Connect Plus
  • Kotak-811 & Mobile
  • Allahabad Mobile
  • Union Selfie & mPassbook

Why use IMPS?

IMPS payments quickly became a popular choice across India with its trust and convenience factors paving the way for quick online transactions. Some of the bigger online casinos that accept Indian players quickly integrated this payment method because it gave the local players what they had always wanted, which is a quick transaction using the local currency.

The removal of annoying currency conversion fees was a huge benefit for players and IMPS soon became one of the common payment methods at online casino sites. The extra benefit is that IMPS can be used during your everyday life as well, so this particular payment has now become an extremely convenient way for Indians to move money around online.


  • Trustworthy
  • Direct Rupee payments
  • 24/7 access throughout the year
  • Convenient for Indian players
  • Transfer via multiple channels


  • Several pieces of information required to send money
  • Fees still included although minimal


One of the biggest advantages that IMPS payment brings to online casino players in India is the reduced fees. Many other payment methods come with excessive fees that reduce your playing balance as well as the winnings that you withdraw. Casinos will rarely add on any fees but it is worth double checking with both the casino and your bank to find out if they do. The fees will be small if they are included and you will barely notice them as you deposit and withdraw your money. In summary, using IMPS allows you to keep more of your winnings which is something that we all want when playing online casino games.

IMPS Fees Guide

  • ₹2.5 excluding GST for a deposit transaction up to ₹10,000
  • ₹5 excluding GST for a deposit transaction between ₹10,000 and ₹1,000,000
  • ₹15 excluding GST for a deposit transaction between ₹1,000,000 and ₹2,000,000

Indian banks that allow for IMPS

IMPS is a nationwide product and there are many commercial, district and cooperative banks that have integrated the service onto their platform so far. See below for our comprehensive list, although you can expect more to banks to follow due to the huge popularity that IMPS technology has across India.

  • Andhra Bank
  • Allahabad Bank
  • Adarsh Co-Operative Bank Ltd.
  • Axis Bank
  • Bandhan Bank Ltd.
  • Bank of India
  • Bank of Baroda
  • Bassein Catholic Co-op Bank
  • Bank of Maharashtra
  • Canara Bank
  • BNP Paribas
  • Central Bank of India
  • Catholic Syrian Bank
  • City Union Bank
  • Citibank
  • Cosmos Co-operative Bank
  • Corporation Bank
  • Development Bank of Singapore
  • Dena Bank
  • Dhanalakshmi Bank
  • Development Credit Bank
  • Federal Bank
  • Dombivli Nagarik Sahakari Bank
  • HSBC
  • HDFC Bank
  • IDBI Bank
  • ICICI Bank
  • Indian Overseas Bank
  • Indian Bank
  • ING Vysya Bank
  • IndusInd Bank
  • Janata Sahakari Bank, Pune
  • Jammu & Kashmir Bank
  • Karur Vysya Bank
  • Karnataka Bank
  • Kerala Gramin Bank
  • Lakshmi Vilas Bank
  • Kotak Mahindra Bank
  • Nainital Bank
  • Mehsana Urban Co-operative Bank
  • NKGSB Co-operative Bank
  • Pragathi Krishna Gramin Bank
  • Oriental Bank of Commerce
  • Punjab and Sind Bank
  • Punjab and Maharashtra Co-op Bank
  • Rajkot Nagrik Sahkari Bank Ltd
  • Punjab National Bank
  • Saraswat Bank
  • RBL Bank
  • Standard Chartered Ban
  • South Indian Bank
  • State Bank of India
  • Syndicate Bank
  • Thane Janata Sahakari Bank
  • Tamilnad Mercantile Bank
  • The A.P Mahesh Urban Co-op Bank
  • UCO Bank
  • The Greater Bombay Co-op Bank
  • Union Bank of India
  • Vijaya Bank
  • United Bank of India
  • Yes Bank

How does IMPS work with online casinos 2021?

Online casinos have become a lot more accessible in recent years and the improvement of payment methods has been one of the biggest factors behind this. Funding online casino accounts always used to be a difficult process for those with Rupees in their banks. Excessive fees when converting into other currencies and then additional fees when converting back to Rupees to retrieve any winnings was always a costly process.

The arrival of IMPS changed all of that and it gave India the chance to make payments to online casino sites with its own local currency. Many of the big online casino brands quickly noted this change and they now provide Indians with the chance to the bank via IMPS. This has been a huge positive for both the players and the casinos because. Players get much better value for their money and casinos get happier customers on their sites.

Online casinos such as 10Cric and Genesis Casino provide IMPS which means that you can deposit and start playing in just a few moments. IMPS deposits and withdrawals are made instantly, however, the banking team still need to confirm each payment, but you do not need to worry as this rarely takes more than 30 minutes. It is not quite as streamlined as the modern UPI method but the advantages are clear for all players that end up using IMPS.

How to deposit with IMPS

Depositing your Rupees into an IMPS casino is a simple process providing that you have already activated the service with your bank. If you have not yet done this, check out our quick step-by-step process further up the page. It does not take long and once you activate the service then you will be fully prepared to use IMPS online.

To make a deposit at your casino, head to the banking page and choose the IMPS or Net Banking option – both provide the same type of payment method. You will be given the casino’s bank details which you can then use to transfer money across from your own bank. Head to your bank and process the transfer using the correct details and then click back to the casino to confirm the deposit amount and add the unique transaction ID.

IMPS mobile payments using the MMID number are quicker, but it is rare to find online casinos that provide this particular service. However, once you have made a successful IMPS transfer then you will see just how simple and convenient it can be for you.

How to make a withdrawal with IMPS

IMPS payments work both ways and so that means you can withdraw your winnings just as easily as you can make a deposit. We have talked about the speed of IMPS deposits but IMPS withdrawals can often take anywhere from 24-72 hours. Remember that this is no longer than most other withdrawal methods and that you are also saving on fees in the process.

We have included the important stages for withdrawing your money from an IMPS-friendly casino below. This process is slightly easier than depositing and it can take just a few moments if you have the right details in front of you. Here is our step-by-step guide for IMPS withdrawals:

  1. Head to the banking page and choose the withdrawal option.
  2. Select either IMPS or “Net Banking” – both provide the same service.
  3. Fill in your bank details including your IFSC code or MMID number.
  4. Enter the amount that you want to withdraw and click the confirm/withdraw button.
  5. Lastly, use your mPIN or the OTP (one-time password) to verify the transaction.
  6. Your money will be processed and sent to your bank account within 24-72 hours

The History of IMPS

IMPS was an initial payment project between four of the central Indian banks and this was launched across the nation at the end of 2010. The instant success soon attracted a large number of other banks who wanted to join the project as well. The RBI (Reserve Bank of India) was the main regulator and due to IMPS targeting the nation as a whole, this was a project that needed to thrive and so getting numbers on board was essential to the overall success.

The current infrastructure is home to over 200 banks and there are over 200 million IMPS payments processed every month. Competition from similar payment services such as RTGS and NEFT came and went, but IMPS stood firm and it is still seen as a huge success to this very day. The advantages that IMPS payments bring to online casino players are clear. The minimal fees, the 100% trust, and the ability to bank directly with INR has been a huge benefit for everyone and even the latest UPI payment technology is based on IMPS.

The modernization of online payments via IMPS technology has given players more freedom when playing at online casinos. We expect that IMPS will continue to thrive across India for many years to come with more and more players taking advantage of local INR payments and its reliable, instant banking service.