{"id":9693,"date":"2025-12-23T10:08:01","date_gmt":"2025-12-23T10:08:01","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/?post_type=banking&p=9693"},"modified":"2025-12-23T10:08:01","modified_gmt":"2025-12-23T10:08:01","slug":"what-is-imps","status":"publish","type":"banking","link":"https:\/\/lemonn.co.in\/blog\/banking\/what-is-imps\/","title":{"rendered":"What Is IMPS?"},"content":{"rendered":"\n

IMPS is a real-time electronic funds transfer system in India that allows you to send and receive money instantly<\/strong> between bank accounts 24×7<\/strong>, including Sundays and bank holidays. It is operated by NPCI (National Payments Corporation of India)<\/strong>.<\/p>\n\n\n\n

Key Points About IMPS<\/h3>\n\n\n\n
    \n
  • Full form:<\/strong> Immediate Payment Service<\/li>\n\n\n\n
  • Transfer speed:<\/strong> Instant (real-time)<\/li>\n\n\n\n
  • Availability:<\/strong> 24×7, including holidays<\/li>\n\n\n\n
  • Used via:<\/strong> Net banking, mobile banking, ATM, UPI (in some cases)<\/li>\n\n\n\n
  • Minimum amount:<\/strong> No minimum limit<\/li>\n\n\n\n
  • Maximum limit:<\/strong> Usually up to \u20b92 lakh (may vary by bank)<\/li>\n<\/ul>\n\n\n\n

    IMPS vs NEFT vs RTGS (Quick Comparison)<\/h3>\n\n\n\n
    Feature<\/th>IMPS<\/th>NEFT<\/th>RTGS<\/th><\/tr><\/thead>
    Full form<\/td>Immediate Payment Service<\/td>National Electronic Funds Transfer<\/td>Real Time Gross Settlement<\/td><\/tr>
    Speed<\/td>Instant<\/td>Near real-time<\/td>Real-time<\/td><\/tr>
    Availability<\/td>24×7<\/td>24×7<\/td>24×7<\/td><\/tr>
    Minimum amount<\/td>No limit<\/td>No limit<\/td>\u20b92 lakh<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    IMPS FAQs<\/h3>\n\n\n
    \n
    \n
    \n

    Is IMPS free?<\/strong><\/h3>\n
    \n\n

    A. Many banks offer IMPS free or at low charges. Charges may vary.<\/p>\n\n<\/div>\n<\/div>\n

    \n

    Can IMPS be done on holidays?<\/strong><\/h3>\n
    \n\n

    A. Yes, IMPS works 24×7, including bank holidays.<\/p>\n\n<\/div>\n<\/div>\n

    \n

    Is IMPS safe?<\/strong><\/h3>\n
    \n\n

    A. Yes, IMPS is secure and uses multi-level authentication.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n

    Conclusion<\/h2><\/div>\n\n\n\n

    IMPS (Immediate Payment Service)<\/strong> is one of the fastest and most reliable ways to transfer money between bank accounts in India.<\/p>\n\n\n\n

    <\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-9693","banking","type-banking","status-publish","hentry"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/banking\/9693","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=9693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}