Immediate Payment Service (IMPS)
IMPS is an innovative real time payment service that is available round the clock. This service is offered by National Payments Corporation of India (NPCI) that empowers customers to transfer money instantly through banks and RBI authorized Prepaid Payment Instrument Issuers (PPI) across India.
Key featuers of IMPS are as follow:-
Services available under IMPS
Funds Transfer and Remittances
1. Sending Money
2. Receiving Money
How to get IMPS enabled?
Registration for Remitter (Sender) :
Registration for Beneficiary (Receiver) :
How do I transfer funds using IMPS?
The sender enters receivers details like:
1.MMID & Mobile no. or Account number & IFS Code
2.Amount to be transferred
3.Remarks/Payment Reference number
Both sender & receiver get SMS confirmation.