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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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