Immediate Payment Service
What is IMPS?
Immediate Payment Service (IMPS) is an instant interbank money transfer system in India that allows you to send or receive money 24×7, including Sundays and bank holidays.
Key Features of IMPS
- Instant transfer
- Available 24×7
- Works across Indian banks
- Used via net banking, mobile banking & UPI
- Safe and RBI-regulated
IMPS Limits (May Vary by Bank)
- Per transaction: Up to ₹5 lakh
- Daily limit: Bank-specific
Conclusion
In banking, IMPS stands for Immediate Payment Service, a fast and reliable way to transfer money in India.
