Charges
Banks set IMPS charges; many waive them for small amounts. Check your bank's schedule of charges.
Guide
IMPS guide: instant 24x7 transfers up to ₹5 lakh
Immediate Payment Service by NPCI: instant transfers using account + IFSC or mobile + MMID, limits and charges.
Quick summary✔ RBI dataLast synced · release v2.0.62
IMPS (Immediate Payment Service) is NPCI's instant interbank transfer, available 24x7. You can send up to ₹5,00,000 per transaction using the beneficiary's account number and IFSC, or mobile number and MMID.
FAQ
Questions
Is IMPS faster than NEFT?
Yes. IMPS credits the beneficiary immediately; NEFT settles in half-hourly batches.