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    Question

    IMPS stands for 

    A Instant Money Payment Service Correct Answer Incorrect Answer
    B Immediate Money Payment Service Correct Answer Incorrect Answer
    C Internantional Payment Service Correct Answer Incorrect Answer
    D Immediate Payment Service Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Immediate Payment Service   (IMPS) is an instant real-time 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.

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