Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service available 24x7, throughout the year including Sundays and any bank holiday. Customers can transfer and receive funds via IMPS using their registered Mobile number and Mobile Money Identifier (MMID) or Account number and IFSC code.

The IMPS product would provide the following benefits:

• Instant Funds Transfer
• 24*7*365 availability
• Credit and debit confirmations to sender and receiver
• Simple & Easy to use
• Fast, inexpensive, safe & secure, accessible