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. Unlike NEFT and RTGS, the service is available 24/7 throughout the year including bank holidays.
The beneficiary account is credited immediately when a Fund Transfer request is made through your Mobile phone / Internet Banking. … IMPS Funds Transfer facility is available through Samarth Bank Mobile App t Banking. You will need a 7 digit MMID* (Mobile Money Identifier) number to transfer funds via IMPS.
IMPS charges
Amounts upto Rs 10,000 Rs 3 + Applicable GST ( 0.54 ) = 3.54
Amounts above Rs 10,000 and upto Rs 50,000 Rs 6 + Applicable GST ( 1.08 ) = 7.08