Question

For an instant electronic fund transfer service that allows inter and intra-bank transfers within seconds to the customer account is a concept of?

Q: Answer-For an instant electronic fund transfer service that allows inter and intra-bank transfers within se...

IMPS is Immediate Payment Service, it is an instant payment inter-bank electronic funds transfer system in India. It helps customers transfer money instantly from one account to another. Using IMPS, you can send money in real-time, and it will be credited to the beneficiarys account within seconds.