An In-Depth Look at IMPS (Immediate Payment Service)
Introduction to IMPS
How does IMPS work
Advantages of using IMPS
Security measures in IMPS
How to use IMPS ?
IMPS transaction limits
Comparison with other money transfer services:
IMPS is one of the several instant money transfer services available in India. Other popular services include UPI, NEFT, RTGS, and mobile wallets. IMPS is different from these services in terms of its real-time transfer capability, small transaction limit, and availability through mobile devices or internet banking.
IMPS is a convenient and secure way to transfer funds in India. Its instant transfer capability and availability through mobile devices or internet banking make it an attractive option for those looking to transfer money quickly. However, its transaction limit and availability through only certain banks should also be taken into consideration before using IMPS for fund transfers.