IMPS: Immediate Payment Service (IMPS)
What is IMPS? Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service available 24×7, throughout the year including Sundays and any bank holiday. Customers can transfer and receive funds via IMPS using their registered Mobile number and Mobile Money Identifier (MMID) or Account number and IFSC code. Advantages of IMPS The account of the receiver is credited instantly. The facility is available 24×7, throughout the year including Sundays and bank holidays. Please Note As per the RBI guidelines, the transaction credit will be effected based solely on the beneficiary account number information as provided by remitter and […]
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