IMPS

IMPS (Immediate Payment Service):

IMPS provides robust & real time fund transfer which offers an instant, 24X7, interbank electronic fund transfer service that could be accessed on multiple channels like Mobile, Internet, Branch. IMPS is an emphatic service which allows transferring of funds instantly with any other bank branch in the country participating in the system. 

Key Features:

• Instant Transfers: Funds are credited to the beneficiary's account within seconds.
• 24/7 Availability: Works all year round, including Sundays and holidays.
• Multiple Channels: Accessible via mobile banking, net banking, and ATMs.
• Convenient Identification: Can use beneficiary's mobile number and MMID, or Aadhaar number, or account number and IFSC code
• Operated by NPCI: Managed by the National Payments Corporation of India (NPCI). 

Transaction Limits (Digital Banking Channel):