{"id":7087,"date":"2025-06-26T10:48:15","date_gmt":"2025-06-26T10:48:15","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/?post_type=banking&p=7087"},"modified":"2025-06-26T10:48:24","modified_gmt":"2025-06-26T10:48:24","slug":"imps-in-india-instant-fund-transfers-made-easy","status":"publish","type":"banking","link":"https:\/\/lemonn.co.in\/blog\/banking\/imps-in-india-instant-fund-transfers-made-easy\/","title":{"rendered":"IMPS in India \u2013 Instant Fund Transfers Made Easy"},"content":{"rendered":"\n

IMPS<\/strong> stands for Immediate Payment Service<\/strong>. Managed by NPCI<\/strong>, it\u2019s a real-time electronic fund transfer system available 24\u00d77<\/strong>\u2014including holidays\u2014across mobile, net banking, ATMs, and USSD.<\/p>\n\n\n\n

1. IMPS \u2013 Key Features<\/h2>\n\n\n\n
    \n
  • Real-time settlement<\/strong>: Funds reach the recipient instantly, no batching delays.<\/li>\n\n\n\n
  • Always available<\/strong>: No cut-off\u2014even on Sundays or bank holidays.<\/li>\n\n\n\n
  • Multichannel support<\/strong>: Use mobile apps, net banking, ATMs, SMS, and USSD (*99#).<\/li>\n\n\n\n
  • Versatile transfers<\/strong>:\n
      \n
    • P2P<\/strong>: using mobile number + MMID<\/li>\n\n\n\n
    • P2A<\/strong>: using account number + IFSC<\/li>\n\n\n\n
    • Aadhaar-based and merchant payments also supported.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
    • Secure<\/strong>: Protected through OTPs and MPIN or transaction passwords.<\/li>\n<\/ul>\n\n\n\n

      2. IMPS Limits (2025)<\/h2>\n\n\n\n
        \n
      • Minimum transfer<\/strong>: \u20b91<\/li>\n\n\n\n
      • Maximum per transaction\/day<\/strong>: \u20b95\u202flakh (subject to individual bank policies)<\/li>\n<\/ul>\n\n\n\n

        3. IMPS Charges<\/h2>\n\n\n\n

        Fees vary by bank and transaction size:<\/p>\n\n\n\n

        Transaction Amount<\/th>Approx. Charges + GST<\/th><\/tr><\/thead>
        Up to \u20b91,000<\/td>\u20b93\u20135<\/td><\/tr>
        \u20b91,001\u2013\u20b91\u202flac<\/td>\u20b95\u2013\u20b910<\/td><\/tr>
        \u20b91\u202flac\u2013\u20b95\u202flakh<\/td>\u20b910\u2013\u20b920+<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
          \n
        • Some banks like SBI<\/strong>, Kotak<\/strong>, and PNB<\/strong> often offer free IMPS<\/strong>.<\/li>\n\n\n\n
        • Others (Axis, HDFC, ICICI, etc.) charge per amount slab.<\/li>\n<\/ul>\n\n\n\n

          4. IMPS Transaction Timing<\/h2>\n\n\n\n
            \n
          • Always on\u201424\u00d77\u00d7365<\/strong>\u2014with instant<\/strong> credit.<\/li>\n\n\n\n
          • In rare failures or timeouts, resolution may take a few hours; refunds processed per bank policy.<\/li>\n<\/ul>\n\n\n\n

            5. How to Use IMPS<\/h2>\n\n\n\n

            Via Mobile or Net Banking:<\/h3>\n\n\n\n
              \n
            1. Login \u2192 Choose Fund Transfer<\/strong><\/li>\n\n\n\n
            2. Select IMPS<\/strong> (P2P or P2A)<\/li>\n\n\n\n
            3. Enter beneficiary details (name, mobile\/MMID or account\/IFSC)<\/li>\n\n\n\n
            4. Enter amount, authorize with MPIN\/OTP<\/strong><\/li>\n\n\n\n
            5. Get confirmation\u2014funds land instantly.<\/li>\n<\/ol>\n\n\n\n

              Via ATM:<\/h3>\n\n\n\n
                \n
              1. Insert card \u2192 Select IMPS\/Funds Transfer<\/strong><\/li>\n\n\n\n
              2. Enter beneficiary mobile\/MMID or account\/IFSC<\/li>\n\n\n\n
              3. Enter amount + PIN \u2192 Confirm<\/li>\n\n\n\n
              4. Transaction completes instantly.<\/li>\n<\/ol>\n\n\n\n

                Via SMS\/USSD:<\/h3>\n\n\n\n
                  \n
                • Some banks support SMS IMPS: objectivecCopyEditIMPS MMID amount MPIN<\/code><\/li>\n\n\n\n
                • Or dial *99# \u2192 IMPS<\/strong> and follow prompts (no internet)<\/li>\n<\/ul>\n\n\n\n

                  6. IMPS vs NEFT vs RTGS<\/h2>\n\n\n\n
                    \n
                  • Speed<\/strong>: IMPS (instant) > RTGS (~minutes) > NEFT (batch, often minutes)<\/li>\n\n\n\n
                  • Availability<\/strong>: IMPS & UPI \u2013 24\u00d77; NEFT & RTGS now 24\u00d77 after RBI updates<\/li>\n\n\n\n
                  • Limits<\/strong>: IMPS max \u20b95\u202flakh; RTGS min \u20b92\u202flakh; NEFT no min\/max<\/li>\n\n\n\n
                  • Charges<\/strong>: IMPS: small fee; NEFT & RTGS: higher branch fees<\/li>\n<\/ul>\n\n\n\n

                    Why Choose IMPS?<\/h2>\n\n\n\n
                      \n
                    • Instant and always available<\/li>\n\n\n\n
                    • Flexible options (P2P, P2A, Aadhaar)<\/li>\n\n\n\n
                    • Available across multiple digital channels<\/li>\n\n\n\n
                    • Ideal for urgent small-to-medium payments<\/li>\n<\/ul>\n\n\n\n

                      <\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-7087","banking","type-banking","status-publish","hentry"],"blocksy_meta":[],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"web-stories-poster-portrait":false,"web-stories-publisher-logo":false,"web-stories-thumbnail":false},"uagb_author_info":{"display_name":"Sanjit Chakrabortty","author_link":"https:\/\/lemonn.co.in\/blog\/author\/"},"uagb_comment_info":0,"uagb_excerpt":"IMPS stands for Immediate Payment Service. Managed by NPCI, it\u2019s a real-time electronic fund transfer system available 24\u00d77\u2014including holidays\u2014across mobile, net banking, ATMs, and USSD. 1. IMPS \u2013 Key Features 2. IMPS Limits (2025) 3. IMPS Charges Fees vary by bank and transaction size: Transaction Amount Approx. Charges + GST Up to \u20b91,000 \u20b93\u20135 \u20b91,001\u2013\u20b91\u202flac…","_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/banking\/7087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/banking"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/banking"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=7087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}