IMPS enables instant, 24x7 interbank fund transfers in India via mobile, internet, or ATM, offering fast and secure money transfer services.
IMPS (Immediate Payment Service) is a real-time interbank money transfer service in India.
IMPS in IPOs: Investors can use IMPS for payments when applying for IPOs through the UPI platform.
Fast Transactions: IMPS enables instant fund transfer, ensuring that the application amount is blocked quickly under ASBA (Application Supported by Blocked Amount).
UPI Integration: IMPS facilitates seamless, secure, and instant transactions for IPO applications using UPI.
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