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What if IMPS registered mobile is lost or misplaced? Will anyone who comes into possession of mobile be able to send money using IMPS in my account?

April 26, 2017able comes IMPS Lost misplaced mobile my account possession registered send

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What if IMPS registered mobile is lost or misplaced? Will anyone who comes into possession of mobile be able to send money using IMPS in my account?

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The security features of iMobile will apply in this case as well. For anybody to send money using IMPS, he needs to be registered Mobile Banking customer, have iMobile login pin to access the iMobile application and possess a physical card to authenticate the transaction using the grid card values.