Funds transfer – IMPS
IMPS - Immediate Payment System
Immediate Payment Service (IMPS) enables you to instantly transfer funds online from your bank account to other bank accounts. This service is available 24x7 through internet Banking and Mobile Banking. This service is brought to you by the National Payments Corporation of India (NPCI) in collaboration with member banks.
IMPS fund transfer can be done using the receiver’s account number and IFSC.
Features and Benefits
Send and receive money instantly.
Safe & secure.
Instant confirmation to sender and receiver.
Absolutely free of cost.
IMPS transfer limits
You can transfer up to Rs.2, 00,000 every day using the IMPS channel.
IMPS is available all year around, below table shows the comparison between IMPS/NEFT/RTGS
All resident current and savings account holders of the bank who are registered for Internet Banking or Mobile Banking are eligible for this service.