Funds transfer – IMPS

IMPS - Immediate Payment System


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.

Available 24X7.

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

Cut Off Timings for Same Day Processing
Transaction Type Monday-Friday Saturday Sunday RBI Holidays
IMPS --------------24 X 7 Available all year around!!!--------------
NEFT 8.00 AM to 6.30 PM 8.00 AM to 6.30 PM Not Working Not Working
(Except 2nd and 4th Saturdays)
RTGS 9.00 AM to 4.00 PM 9.00 AM to 4.00 PM Not Working Not Working
(Except 2nd and 4th Saturdays)

All resident current and savings account holders of the bank who are registered for Internet Banking or Mobile Banking are eligible for this service.


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