IMPS stands for Immediate Payment System, a real-time fund transfer service in India. Learn how to use IMPS via different modes, its features, limits and charges. Learn about IMPS ( Immediate Payment Service ) in banking, including its meaning, eligibility, usage, charges, and a guide to using IMPS. 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. Learn about Immediate Payment Service ( IMPS ) in banking , its features, transaction limits, and charges. Find out how to transfer money via IMPS and who is eligible for this service by Bank of Baroda.
