{"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":[],"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 is a real-time electronic funds transfer system in India that allows you to send and receive money instantly between bank accounts 24×7, including Sundays and bank holidays. It is operated by NPCI (National Payments Corporation of India). Key Points About IMPS IMPS vs NEFT vs RTGS (Quick Comparison) Feature IMPS NEFT RTGS Full form…","_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}]}}