IMPS (Immediate Payment Service) is a fast, secure, and reliable interbank electronic fund transfer facility that enables instant money transfers across banks in India. The service is available 24×7, including Sundays and bank holidays.
Customers can transfer funds instantly using mobile banking, internet banking, and ATMs. IMPS is a cost-effective solution suitable for both financial and non-financial transactions, ensuring real-time credit to the beneficiary account.
This facility is operated by the National Payments Corporation of India (NPCI) through its existing NFS switch, providing a robust and secure payment infrastructure.
