IMPS error codes / M0
IMPS response code

IMPS error M0: Verified, but original transaction declined

Bank descriptionVerification Successful Orginal Trxn Declined FAILED

Source: Axis Bank, IMPS Response Codes for H2H/API. These are IMPS response codes as one bank publishes them; other banks use the same codes but may word them differently.

What it means

The account verification step succeeded, but the original transaction was declined.

Not fully documented: The source doesn't say why the original transaction was declined.

Was money deducted?

No. This decline happens before your account is debited.

When does the money come back?

Nothing to refund in the normal case. If a debit does show on your statement, the bank must reverse it by the next working day (T+1).

Which side caused it?

Bank handling the original transaction.

Bank guidance on retrying

Reinitiate with same CRN

If money left your account. Under RBI's turnaround-time rules (circular DPSS.CO.PD No.629/02.01.014/2019-20, 20 September 2019), if your account is debited but the receiver isn't credited on an IMPS transfer, the receiver's bank has until the next working day (T+1) to credit it or send the money back. After that the bank owes you ₹100 for every day of delay.

What you should do

If you were verifying an account, the details are fine; check with the service why the transfer itself was declined.

If you run payouts or a bank integration

Treat the account as verified and the transfer as failed. Reconcile any debit.

IMPS error M0 kya hai?

IMPS M0 ka matlab hai account verify ho gaya par original transaction decline hua.

Related codes

M1Invalid beneficiary mobile/MMIDMJInvalid beneficiary IFSC or NBIN12Invalid accountMSInvalid remitter account numberMQInvalid payment reference

IMPS in brief

IMPS moves money between banks instantly, at any hour, on any day. Transfers go either by account number and IFSC, or by mobile number and MMID. The network limit is ₹5 lakh per transaction, though your bank can set a lower one, which is why codes like 04 and 22 exist.

Checking what happened

Open the transaction in your bank app or net banking and note its RRN, the 12-digit reference number also sent by SMS. The receiver's bank can trace the transfer with it, and you'll need it for any complaint. If the status says pending or deemed approved, wait for the final status before sending the money again.

If it still isn't sorted

  1. Raise a complaint inside your banking app. Quote the RRN from your statement or SMS.
  2. If the app doesn't resolve it, contact your bank's grievance desk with the same reference.
  3. If your bank hasn't replied within 30 days, or you're not happy with the reply, complain to the RBI Ombudsman at cms.rbi.org.in. It's free.

See all 87 IMPS codes →