Immediate Payment Service (IMPS) is an instant real-time inter-bank electronic funds transfer system of 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. This facility can be availed anywhere any time.

It is managed by the National Payments Corporation of India (NPCI) and is built upon the existing National Financial Switch network.

NPST has developed its own IMPS switch which is currently been used by one of the public sector Banks on complete end to end model which includes development, AMC and FMS. We were also the FMS and Service support provider to State Bank of India from 5th December 2014 to 4th December 2016.

With this public sector bank we are catering more than a crore transactions a year.

Citizens can use the IMPS service using their registered Mobile number and Mobile Money Identifier (MMID) or through Internet Banking using their Account number and IFSC code. The maximum limit of transfer via IMPS is R 2 Lakhs.

IMPS Process Flow: