IMPS Full Form

Many of you people must have used IMPS to transfer money, but do you know IMPS Full Form is going to give us complete information about IMPS in this post today.

You people know that nowadays everything is available in online. Similarly, the facility of banking is also available online. We can do all the work of our bank sitting at home. Such as demand draft, fund fransfer, passbook, printer etc. And for the convenience of lot, RTGS, IMPS and NEFT. Today we are going to tell you about IMPS, so to know friends, please read this post till the end.

 IMPS Full Form
IMPS Full Form

IMPS was first introduced in 2010. It has been brought for 8 years and it has been introduced about NEFT and RTGS. Most people like IMPS more between these two. With its use, you can transfer money from one account to another. Let’s know that IMPS Kya Hai? – How to transfer money from IMPS

DCB bank kya hai?

IMPS full form

IMPS has a full form – Immediate Payment Service.

IMPS full form in banking

IMPS is full form in banking – Immediate Payment Service.

What is IMPS?

IMPS is a payment transfer method. It is used online internet is used for banking. It is used in money transactions. This is a type of real-time banking payment system. In which you can transfer money from one account to another. Using this, you can send an amount ranging from Rs 500 to Rs 50,000 to a bank account in a few minutes.

IMPS is a means of sending money from one account to another. With its help, you can transact money sitting at home. This service is the most popular and fastest. This service is available seven days a week and 24 hours (24 x 7 hours).

This service is used in a smartphone. In addition to this, money can be transferred from IMPS through many other means. Such as SMS, Internet banking, ATM, etc.

In 2010, NPCI (National Payments Corporation of India) joined four banks (Bank of India, Union Bank of India, ICICI Bank and State bank of India) for mobile. Then later Yes Bank, HDFC Bank and Axis Bank have been included in this service. It was launched publicly on 22 November 2010.

This service is managed by the National Payments Corporation of India (NPCI). Which comes within the Reserve Bank of India. To send money in Internet Banking, the sender has to add beneficiary. To send money in whose account. Then its account number, IFSC Code, Name of Bank and Bank branch etc. Add beneficiary by entering. For this, the charges of each bank are different.

What are IMPS Charges

RupeesMoney amount
10,000/- Rupees50 Rupees + Service Tax
10,000 / – to Rs. 1,00,000 / –5 Rupees + Service Tax
1,00,000 / – to Rs. 2,00,000 / –15 Rupees + Service Tax
What are IMPS Charges

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