IMPS (IMMEDIATE PAYMENT SERVICE)
- Immediate payment (IMPS) system is a nationwide funds transfer system to facilitate transfer of funds from any bank branch to any other bank branch in real time.
- Up to 2 lakhs IMPS.
- IMPS amount will be transferred in real time.
- The beneficiary gets the credit on the real time.
- The essential information that the remitting customer has to furnish is Beneficiary details such as beneficiary name and account number. Name and IFSC of the beneficiary bank branch.