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What is IMPS?

Tuesday, June 18, 2019, 10:15 AM

An IMPS is Immediate Payment Service. It is an instant inter-bank payment transfer service that helps transfer funds using mobile banking apps or net banking accounts. The key features of the IMPS service are it can be availed anytime accross the year, including public holidays and bank holidays. Other fund transfer services like RTGS and NEFT remains operational only on bank working days.

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