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
Card Control App (ATM customers can Activate/Deactivate Cards and Set their own limit, Enable/Disable Ecom POS Facility).
Services
a) Person to Mobile number
b) Person to Account