IMPS (Immediate Payment Service):-

          Immediate payment service is an instant payment inter-bank electronic funds transfer system in India. If offers the inter-bank electronic fund transfer service through mobile phone. It is managed by the NPCI and is built upon the existing National Financial Switch network.

          Immediate Payment Service 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 service is available 24×7 throughout the year including bank holidays.