Imps full form: Im mediate P ayment S ervice (

Im mediate P ayment S ervice ( IMPS ) is a real-time inter-bank electronic fund transfer service in India, where the customers can transfer and receive funds using their registered Mobile number and Mobile Money Identifier (MMID) or Account number and Indian Financial System Code (IFSC). IMPS is a payment service or a method for instant money transfer . It has been developed by the National Payments Corporation of India (NPCI). IMPS is a real-time and secure money transfer system through which we can transfer money 24x7, even on public holidays. IMPS stands for Immediate Payment Service. It is an instant interbank electronic fund transfer service available 24×7, including on weekends and bank holidays. Launched by the National Payments Corporation of India (NPCI) in 2010, IMPS allows users to send and receive money using mobile banking, internet banking, ATMs, and SMS. IMPS, which stands for Immediate Payment Service is a revolutionary interbank electronic funds transfer system in India. Launched by the National Payments Corporation of India (NPCI), IMPS allows you to transfer funds instantly and securely through mobile banking, internet banking, or even ATMs.