IMPS

Definition : Immediate Payment Service
Category : Business » Banking
Country/Region : India India
Popularity :

What does IMPS mean?

Immediate Payment Service (IMPS) is a real-time inter-bank electronic fund transfer service in India, where the customers can transfer and receive funds using their registered Mobile number and Mobile Money Identifier (MMID) or Account number and Indian Financial System Code (IFSC). IMPS service is available 24x7, throughout the year including Sundays and any bank holidays.

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