Banking
What is IMPS (Immediate Payment Service)? — Meaning, Definition & Example
Definition
IMPS is a 24/7 real-time interbank electronic fund transfer service offered through NPCI. It enables instant money transfer up to ₹5 lakh through mobile, internet, or ATMs. Charges vary from ₹2-15 per transaction depending on the amount.
💡 Real Example
Need to send ₹50,000 to someone at 11 PM on a Sunday? Use IMPS — it works 24/7 unlike NEFT which has batch processing.
🇮🇳 IMPS (Immediate Payment Service) in Hindi / हिंदी में
IMPS (तत्काल भुगतान सेवा) — IMPS NPCI द्वारा प्रदान की जाने वाली 24/7 रियल-टाइम इंटरबैंक इलेक्ट्रॉनिक फंड ट्रांसफर सेवा है।
IMPS (Hinglish) — IMPS 24/7 real-time interbank fund transfer service hai jo NPCI offer karta hai. ₹5 lakh tak instant transfer ho jaata hai.
❓ Frequently Asked Questions
What is IMPS (Immediate Payment Service) in simple words?
IMPS is a 24/7 real-time interbank electronic fund transfer service offered through NPCI. It enables instant money transfer up to ₹5 lakh through mobile, internet, or ATMs. Charges vary from ₹2-15 per transaction depending on the amount.
Can you give an example of IMPS (Immediate Payment Service)?
Need to send ₹50,000 to someone at 11 PM on a Sunday? Use IMPS — it works 24/7 unlike NEFT which has batch processing.
What is IMPS (Immediate Payment Service) meaning in Hindi?
In Hindi, IMPS (Immediate Payment Service) is called IMPS (तत्काल भुगतान सेवा). IMPS NPCI द्वारा प्रदान की जाने वाली 24/7 रियल-टाइम इंटरबैंक इलेक्ट्रॉनिक फंड ट्रांसफर सेवा है।