Instant Money Transfer(IMT service) to any Mobile number in India : Axis Bank

When it come to have Technology and Banking together then Private bank comes first .Axis Bank has innovative feature  of Instant Money Transfer (IMT) service for the Bank’s customer.
IMT is an innovative domestic money remittance service that allows you to send money to a receiver only by using the receiver’s mobile number. The receiver can withdraw money from an Axis Bank ATM with or without using a card. The receiver receives all the details required for withdrawal of the cash on his or her mobile phone You can use the service for any of these cases:-

• The receiver prefers cash
• The receiver needs money instantly / needs emergency cash

• The receiver doesn’t have a bank account
• When you don’t know the receiver’s bank account details
• The receiver is not within easy distance (to deliver cash or send a cheque by hand)

A sender will be charged Rs. 25 (inclusive of taxes) for every IMT transaction he or she issues to a receiver. Please note that there are no reversals of these charges in case the IMT expires or is cancelled.
There is no charge for cancellation of an IMT.
Limits
The following limits exist for IMT transactions:
Sender limit
Rs. 10,000 per transaction
Receiver limit (checked on his or her mobile number)
Rs. 25,000 per month

How It Works
Axis Bank customer can send money to any mobile number in India by providing the beneficiary’s mobile number, Amount to be transferred and setting the Sender’s code (The beneficiary would need this code to withdraw cash from the ATM).
How to Withdrawal
If the beneficiary has a Debit card (of any recognized Bank), he or she can withdraw the IMT by using his or her Axis Bank debit card. After inserting the card, the receiver can select IMT > WITHDRAW IMT and provide the following details:
Mobile number on which he or she has received the IMT details
The Sender’s code
The SMS code
The IMT amount

On validation of the above-mentioned details, the cash will be dispensed from the ATM.
If the beneficiary doesn’t have a Debit card (of any recognized Bank), he or she can perform a card less IMT withdrawal at any Axis Bank ATM. To do so, the receiver needs to register his or her mobile phone number at any of the Axis Bank branches (the registration process is described below). Once registered, the receiver will be able to withdraw any number of IMTs issued on his or her mobile phone without using a card. While registering, the receiver needs to provider KYC documents and register his or her mobile number. The list of documents acceptable for the KYC is:
Proof of address of the recipient (any one document):
Telephone Bill
Ration Card
Bank Statement
Electricity Bill
Letter from any recognised public authority
Letter from Employer
Letter from gram panchayat or any government official
Any other document acceptable to the bank

Photo identity proof (any one document):
Passport
PAN Card
Voter Identity Card
Driving License
Identity Card (Subject to Bank’s satisfaction)
Letter from recognized authority

Send and Receive money using GMAIL : Google Wallet

Till now E-mail attachment were used to send photos, videos and files but now you can  send money Google launched its e-mail service Gmail has plans to launch such a service. It is now being introduced in the U.S. When will it happen in India, will just have to wait for it. Earlier this service was mainly used on mobile device but now they have come to desktop version

Google has named this as  Google Wallet. This will act as your  vallet  which be will link with the user’s bank account. If desired, users can link your account with a debit or credit card, but in that case 2.9 per cent on every transaction fee will be charged. The U.S. roll out this service for users above 18 years of age and have it be able to use it. If you want to receive the money in your account to activate this feature. However, before such a service had started some websites, but they did not become Popular. When will it happen in India, is not known yet. Meet it by RBI norms.

How to send money
For this, a user should have a e-mail account with Google . Click on on Compose button in your inbox
Currently this feature is only available on New version of composing email of gmail Here you will find dollar sign. Click on the account or card to determine the amount you can send and thall all your money will be get transferred. Refer the Video for more detail

What is Google Wallet
The feature is in your Google Wallet account. India currently visiting, you can put your credit card or debit card details. Before buying any products from the App Store or Google may pay.