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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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What is IFSC code?

Monday, November 19, 2018, 10:52 AM

IFSC stands for Indian Financial System Code and is a unique 11 digit number, allotted by the Reserve Bank of India(RBI) to all banks and bank branches. You can find the IFSC code of your bank on the bank cheque book, Passbook and on the RBI website. It is very important to have the IFSC code for transferring funds using IMPS, NEFT and RTGS.

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