IMPS, which stands for Immediate Payment Service is a revolutionary interbank electronic funds transfer system in India. Launched by the National Payments Corporation of India (NPCI), IMPS allows you to transfer funds instantly and securely through mobile banking, internet banking, or even ATMs. The full form of IMPS is Immediate Payment Service . It is an electronic funds transfer system in India, enabling instant, real-time bank transfers 24/7, throughout the year. In order to use IMPS , a user needs to register for the mobile banking or internet banking service provided by the bank . The bank then provides the user with Mobile Money Identifier (MMID) and mobile banking personal identification number (MPIN).
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