IMPS

IMPS stands for Immediate Payment Service. It is an electronic fund transfer system in India that allows you to transfer money between bank accounts instantly, 24/7, including bank holidays.

Key Features of IMPS:

• Instant Transfer: Money is transferred within a few seconds.
• 24/7 Availability: Available anytime, anywhere.
• Interbank Transfer: Can be used to transfer money between different banks.
• Multiple Channels: Available through Mobile Banking, Internet Banking, ATMs and SMS.
• Security: Adopts strong security measures to protect transactions.

Benefits of IMPS:

• Speed: Instant money transfer.
• Convenience: Accessible through multiple channels.
• Security: Protected by strong security measures.
• Wide Acceptance: Available across most banks in India.