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      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?
      A ATM Correct Answer Incorrect Answer
      B IMPS Correct Answer Incorrect Answer
      C NPA Correct Answer Incorrect Answer
      D CARE Correct Answer Incorrect Answer
      E COD Correct Answer Incorrect Answer

      Solution

      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 beneficiary's account within seconds.

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