IMPS-Immediate Payment Service
Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones.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, ATM, SMS and Branch. IMPS is an emphatic service which allow transferring of funds instantly within banks across India which is not only safe but also economical.
The key features of IMPS merchant payments service are as follows:
- Instant Interbank fund transfer
- Merchant needs to get on-board IMPS network with one Bank. Customer of any Bank in the IMPS merchant network can make payment to merchant through IMPS
- Convenient and time-saving
- Anytime, anywhere service
- Safe & secure
- 24*7*365 availability
- Instant confirmation to sender and receiver
MOBILE APP :
| IMPS Charges w.e.f. 04th Sep 2020 |
||
| Amount | Charge | |
| Upto Rs. 1000/- | Rs. 2/- + GST | |
| Rs. 1001 to Rs. 25,000/- | Rs. 5/- + GST | |
| Rs. 25,001 to Rs. 1,00,000/- | Rs. 10/- + GST | |
| Rs. 1,00,001 to Rs. 2,00,000/- | Rs. 15/- + GST | |
Within Bank Transfer IMPS Charges are Not applicable.