Frequently Asked Questions

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  • Which are the Banks providing IMPS facilities for Merchant payments?

    Investors having Bank Accounts with the banks participating in National Payments Corporation of India (NPCI) for payment through Interbank Mobile Payment Solution (IMPS) facility can invest in Quantum Mutual Fund Schemes.
    The customer having account with any of these banks should register for IMPS service with the Bank. The registration process shall be as per the procedure laid down by each bank.

  • What is the process to get the MMID Number and OTP?
    We request you to get in touch with your Banking Relationship Manager /Banks Website for the detailed procedure to get the MMID Number and OTP as the same differs for each Bank.
  • What are the charges for sending and receiving funds using IMPS?
    The NEFT transactions are charged by banks and charges vary from bank to bank. You need to get in touch with your respective banks for the same.
  • Is there any limit on the value of transactions in IMPS?
    The limit is defined by RBI in the Mobile Payment Guidelines issued to banks. However, the set limit may vary from bank to bank, so we request you to contact your bank to check their limit on the value of transaction in IMPS.
  • While sending money using IMPS, how do I know that my account is debited and funds have been credited in the beneficiary’s account?
    You will get a confirmation SMS on your registered mobile number which informs you of the debit in your account.
  • Can I make an investment in Quantum Mutual Fund through Interbank Mobile Payment Service (IMPS) option?

    Yes, you can now invest in Quantum Mutual Fund Schemes through the Interbank Mobile Payment Service (IMPS) mode on our website www.QuantumMF.com / www.QuantumAMC.com.

  • What is IMPS?
    Interbank Mobile Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones. The IMPS facility allows customers to use mobile instruments as a channel for accessing their bank accounts and remitting funds from there.
  • What is MMID Number?
    Mobile Money Identifier (MMID) is a seven digit unique number issued by the bank upon registration for MMID. The Remitter (investor) should have this MMID for completing this funds transfer.
  • What is the procedure for purchase of units through IMPS?
    On our Invest Online section, after filling up the application form; you need to select the mode of payment as IMPS. You will then be redirected to the Bill Desk payment gateway screen where you will have to enter your mobile number registered with the bank, your Mobile Money Identifier (MMID)  and One Time password (OTP) issued by your bank. However, as communicated by National Payments Corporation of India (NPCI), IMPS as a payment option has been discontinued through our aggregator BIlldesk and the services are no longer functional.

    Instruction Note : for Offline Payment

    1. Investor having an account with any of the banks participating in National Payments Corporation of India (NPCI) for payment through Interbank Mobile Payment Solution (IMPS) facility should register for IMPS service with the respective Bank as per the procedure laid down by each bank.

    2. Initiate the transaction using the IMPS process and the following details of Quantum Mutual Fund:
     EXISTING INVESTORNEW INVESTOR
    Bank NameHDFC BankHDFC Bank
    Bank A/c TypeCurrent A/CCurrent A/C
    Beneficiary Account Number (QUANTUM and Folio no./PAN no.)QUANTUM1234567QUANTUMABCDE1234F
    Beneficiary NameQUANTUM MUTUAL FUNDQUANTUM MUTUAL FUND
    Branch AddressSandoz BranchSandoz Branch
    IFSC CodeHDFC0000240HDFC0000240

    3. After completing the fund transfer through IMPS mode, the investor needs to mention the payment reference number under the section ‘Payment Details’ in the application form.