Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
IMPS is an instant, 24x7 interbank electronic fund transfer service in India, typically used for smaller, urgent payments.
An instant money transfer service that works any time, day or night.
Unlike NEFT’s batch processing, IMPS settles individual transactions instantly; per-transaction limits are generally lower than RTGS.
Needing to send money urgently at midnight, a person uses IMPS since NEFT batches may have longer processing gaps.
An instant money transfer service that works any time, day or night.
IMPS (Immediate Payment Service) helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.