IMPS (Immediate Payment Service)

Transfer Fund Instantly with IMPS

Limits

Transaction LimitsBBKONNECTeBanking
Account number + IFSCMobile number + MMIDAccount number + IFSCMobile number + MMID
Minimum₹ 1₹ 1₹ 1₹ 1
Maximum₹ 5 lakh₹ 10,000₹ 5 lakh₹ 10,000

*The maximum amount you can transfer per transaction using IMPS is Rs. 5 Lakh while BBKONNECT allows upto Rs. 20 Lakh per day.

Advantages of using IMPS

This helps you transfer money instantly

The Beneficiary Account is credited immediately

Available 24X7 throughout the year

Transfer money using Account Number and IFSC

Transfer funds using Internet Banking, BBKONNECT Pay

How to transfer money using an Account Number & the IFSC Code

  • Log in to BBK
  • Click on Payments and Transfer
  • Select Transfer to other BBK Account across India
  • Select IMPS-IFSC and Payee from list of registered payees
  • Enter details like transaction amount, transaction remarks
  • Enter your ATM/Debit Card Grid and One-Time-Password (OTP)
  • Your payment is confirmed.

What is MMID?

  • Mobile Money Identifier (MMID) is a 7 digit code issued by a participating bank to their Mobile Banking registered customers for availing IMPS service as a beneficiary. Every account will have a unique MMID.
  • If you wish to receive funds using this mode, you need to generate a MMID for your account.

How to transfer money using Mobile Number and MMID Code?

  • Login to BBK
  • Click on Payments and Transfer
  • Select Transfer Funds through IMPS using mobile number and MMID code
  • Enter the mobile number and MMID code of the payee along with the transaction amount and Click on Next
  • Enter your ATM/Debit Card grid numbers and One Time Password (OTP) to carry out the transaction
  • A payment confirmation number will be displayed on the screen
  • You will also receive an SMS about the status of your transaction

Fees & Charges

Download Forms

Please refer the detailed Schedule of charges.

Click here to Download the Form.

Contact Us

Bank of Bahrain & Kuwait B.S.C is now registered with DICGC.

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We decided to move away from CITI Bank Nostro arrangement with immediate effects, Pls route all USD remittances through JP morgan nostro details (SWIFT CHASUS33, Nostro account no 811165463), All the locker –Hirer are advised to execute the fresh locker agreement by contacting through their base branch on immediate basis as per the RBI revised instructions.

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Dear Customer, as a valuable customer for our bank we welcome you to join the FX retail platform through the link https://www.fxretail.co.in/#/ for getting access to Forex dealing in USD/INR currency pair. In case of further queries, you can reach us on 022- 22-43349205/43349256/43349257 to Mr. S. Venkatachalam / Mr. Ankush Jain – Bank of Bahrain and Kuwait B.S.C"

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“ATM/Debit card can be managed/blocked using mobile banking app “BBKonnect”- please download from App Store/ Play store.”

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Reserve Bank of India(RBI) vide circular No DPSS.CO.RPPD.No 309/04.07.005/2020-21 dated Sepetember 25,2020 had announced introduction of Positive Pay System for CTS for all cheques value Rs 50000.00/- and above.

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“Dear Customer,Bank of Bahrain and Kuwait B.S.C. will never ask you to share sensitive information like OTP, CVV, passwords for moratorium on loan EMIs or any other payment. Beware of such fraudulent calls or emails. DO NOT share your OTP, User ID, Password, CVV, Expiry date etc with anyone. Stay safe and stay alert. To know more, visit www.bbkindia.com”

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“As per RBI guidelines, National Electronic Fund Transfer (NEFT) is available 24 x 7 with effect from December 16, 2019.”

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* TDS of 2% would be levied on cash withdrawals exceeding Rs 1 crore during a financial year. Click here for further details.

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* Waiver / reduction of NEFT/RTGS charges with immediate effect Refer schedule of charges for details. Please click here for Revised service charges w.e.f.01.10.2022.

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*Banking Facilities for Senior Citizens and Differently abled Persons.

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* W.E.F 01.07.2017 Bank has been collecting GST @18% on applicable commission/service charges in lieu of service tax @15%.

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* W.E.F 01.07.2017 GST on Forex conversions are being collected. Click here for rates.

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* Please click here for current MCLR rates.

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* Please click here for current interest rates on deposits.

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* Details of Unclaimed Deposits. Please click here.

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* FREE OF CHARGE unlimited usage of BBK ATM cards in other Banks’ ATMs.BBK ATM cards can be used in all ATMs of NPCI member Banks network. Click here for details.

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*Safe Deposit Lockers facility available at our Hyderabad, Aluva & New Delhi branches. Please contact branch for details.

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* Interest on all types of Savings Deposit shall be credited at quarterly intervals on the last working day of March, June, September and December.

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* As per Income Tax rules, applicable TDS on deposit account is deductible on accrued interest. TDS so deducted is non-refundable.

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* Customers are advised to register their mandates for payment before maturity on joint deposits held on "Either or Survivor" or "Former or Survivor" basis.

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* Customers are advised to issue CTS compliant cheques only.

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* BBK presently does not have any 3rd Party Agents/DSAs. The marketing & processing of all products are done through its branches, by the bank staff.

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* Rupee Floating Loans/ Credit limits shall now be priced at MCLR effective 01/04/2016"click here for details

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