Business Studies, asked by anantbhatt789, 7 months ago

meaning of Immediate Payment Service.

Answers

Answered by shivajikaithi

24

Answer:

Immediate Payment Service (IMPS) is an instant payment inter-bank electronic funds transfer system in India. IMPS offers an inter-bank electronic fund transfer service through mobile phones. ... The sender requires to know the bank account number and the Indian Financial System Code of the beneficiary to transfer money.

Answered by Anonymous

2

Answer:

Immediate Payment Service (IMPS) is an instant payment inter-bank electronic funds transfer system in India. IMPS offers an inter-bank electronic fund transfer service through mobile phones. ... The sender requires to know the bank account number and the Indian Financial System Code of the beneficiary to transfer money.

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