IMPS

IMPS

IMPS
IMPS (Immediate Payment Service) is a 24/7, real-time interbank fund transfer service in India, managed by the National Payments Corporation of India (NPCI) and available through various channels like mobile, internet banking, and ATMs. It allows for instant and secure money transfers between different banks, even on holidays, for both personal and commercial purposes. 
Key Aspects of IMPS Mobile Banking

• Instant Transfer: Funds are credited to the beneficiary account in real-time.
• Availability: Operates 24x7x365, including weekends and bank holidays.
• Transfer Methods:Account Number + IFSC: Most common method, suitable for any bank transfer.
• Transaction Limits & Charges: While NPCI allows up to ₹5 lakh per transaction, individual banks may set their own daily limits, often ranging from ₹1 lakh to ₹5 lakh.
• Our bank range is through mobile banking ₹1 lakh and through CBS channels 5 lakh.
• Security: Requires registration for mobile banking and uses MPIN/TPIN/OTP for authentication.