Bank of India money transfer

I want to apply for the Instant Money Transfer from Bank of India so please give me some information about this?

[Kiran Chandar]

Instant Money Transfer (IMT) is an innovative, safe and simple domestic money transfer with cash out facility.

It allows Banks customer to send money only by using the beneficiary / receiver’s mobile number and secret code; from either ATMs or Retail Internet Banking facility

Unique feature of IMT is as under:-
Self Service – Bank’s customer can him/ herself initiates the transaction.

24 * 7 * 365, facility can be availed 24*7, both by initiator and beneficiary/ receiver.

Simple, safe and hassle-free

The beneficiary/ receiver -
Prefers cash
Needs money instantly / needs emergency cash.
Don’t have a bank account.
Bank account details are not known

IMT Limits
The present limits for IMT transactions are as under:
Sender limit Rs. 10,000 per transaction
Beneficiary / Receiver limit Rs. 25,000 per month

The minimum amount for which an IMT can be initiated is Rs. 100 and thereafter in multiples of Rs. 100.00.

The maximum limit for an IMT is Rs. 10,000.00.

IMT Validity
Life of a successful IMT is for 14 days only


Bank of India Instant Money Transfer Terms & Conditions