Abhyudaya Co-operative Bank

Customers of our bank can get all banking services at their fingertips with the Abhyudaya Mobile App. Once the Mobile App is activated on the mobile device you can view banking transactions, do instant money transfer & value added services with No Time Barrier, Banking Anytime, Anywhere at their convenience.

Abhyudaya Mobile Banking Services will include the following:-

Banking Services
1. Saving/Current/CC accounts
2. Loan Account
3. FD/RD/TD Account
Fund Transfer Facility
1. Self Fund Transfer (Customers Linked account within Abhyudaya Bank Branch)
2. Intra Bank Fund Transfer (Transfer Fund to other Abhyudaya Bank Account)
3. Inter Bank Fund Transfer (Transfer Fund through NEFT to other Bank Account)
4. Manage Beneficiaries
  1. Add Intra Bank Beneficiaries
  2. Add NEFT Beneficiaries
  3. View/Delete Beneficiaries
5. IMPS (Immediate Payment Service) Fund Transfer
  1. Cancel MMID
  2. Retrieve MMID
  3. IMPS Fund Transfer to Mobile Number (P2P – Person to Person through Mobile Number)
  4. IMPS Fund Transfer to Account Number (P2A – Person to Account through Account Number)
6. Cheque Book Request
7. Balance Enquiry
8. Mini Statement
9. Linking of Multiple Accounts

Under Banking section customers will be able to get all information related to his/her Saving/Current/CC accounts, Loan Account, RD & FD Account details. The customer will have the facility to link multiple accounts to its Primary account. Customer would be able to check balance & View Mini statement of last 5 transactions of various accounts.

Under Fund Transfer Facility customer would be able to transfer maximum fund upto Rs. 50,000 per account per day. For Inter/Intra Fund transfer to take place, it is mandatory for the customer to first Add the Beneficiary details under Manage Beneficiary Option of Abhyudaya Mobile Banking App.

IMPS (Immediate Payment Service)
IMPS is a cost effective channel for independent retail payment service, introduced by NPCI (National Payment Corporation of India).
This channel empowers customers to transfer funds in real-time to another person or to a merchant, for any personal or commercial purpose. IMPS payment channel is available 24 hours for receiving or remitting fund through IMPS (Immediate Payment Service) Facility. The Fund can be transferred or received 24x7x365 days through combination of Mobile Number & MMID (Mobile Money Identifier) or Account Number & IFSC Number. IMPS channel will overcome the limitation of NEFT channel which has constraint of limited time.

MMID Number
MMID is 7 Digit Code which when combined with Mobile Number is used for transferring or receiving the fund through IMPS.

Banking Services

Fund Transfer Facility
Under Fund Transfer
1. Self Fund Transfer (Customers Linked account within Abhyudaya Bank Branch) – Through this service fund can be transferred to own linked account within Abhyudaya Bank.
2. Intra Bank Fund Transfer (Transfer Fund to other Abhyudaya Bank Account) - Through this service Fund can be transferred to other Abhyudaya Bank Account.
3. Inter Bank Fund Transfer (Transfer Fund through NEFT to other Bank Account) - Through this service Fund can be transferred to other Bank Account.

Manage Beneficiaries
Details of Beneficiaries need to be added for transferring fund to Intra Bank i.e. Account within Abhyudaya Bank.

Details of Beneficiaries need to be added for transferring fund to Intra Bank i.e. Account with other Bank i.e. SBI, ICICI etc.

Beneficiaries can be added or deleted under this function.
1. Add Intra Bank Beneficiaries
2. Add NEFT Beneficiaries
3. View/Delete Beneficiaries
IMPS (Immediate Payment Service) Fund Transfer
Under IMPS function Fund can be transferred or received through MMID & Mobile Number or Account Number or IFSC Code 24X7. This payment channel is independent of NEFT.
1. Cancel MMID - Customers who do not want to use the IMPS service can cancel the MMID for a particular account.
2. Retrieve MMID – Customers who want to use the IMPS service can Retrieve MMID by selecting this option.
3. IMPS Fund Transfer to Mobile Number (P2P – Person to Person through Mobile Number) – For Fund transfer to Person to Person under IMPS it is very important to know the MMID & Mobile Number of the Beneficiary. The Mobile number of the beneficiary needs to be registered at his/her bank for fund transfer to take place. Combination of Mobile Number & MMID is linked with an Account Number and helps in identifying the beneficiary details.