About
IMPS (Immediate Payment Service) is India's 24x7 instant interbank funds-transfer rail, operated by the National Payments Corporation of India (NPCI). Customers start a transfer from internet banking, a mobile banking app, a bank branch, an ATM, SMS or IVR, and the money reaches the payee's account at another bank in real time, at any hour. Since an RBI change announced in October 2021, one transfer can be up to ₹5 lakh on channels other than SMS and IVR. IMPS handled 482 million transactions worth ₹6.31 trillion in July 2025, according to NPCI data.
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