Immediate Payment Service (IMPS)

IMPS (Immediate Payment Service) is an Indian real-time payment system that enables instant bank-to-bank transfers 24 hours a day, 7 days a week, including on holidays. Operated by NPCI, IMPS is accessible via mobile phones, internet banking, and ATMs — making it one of the most versatile immediate transfer options in India. Transactions are processed within seconds and typically require a mobile number or account-number-plus-IFSC combination. The system has a minimum transfer limit of ₹1 and no upper ceiling, though individual banks may set their own caps. IMPS is commonly used for urgent transfers such as paying credit card bills, wiring security deposits, or sending money to family. Charges vary by bank; many banks offer a limited number of free IMPS transfers per month.