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Understanding IMPS: Instant Fund Transfers Made Easy

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Description

IMPS (Immediate Payment Service) is a real-time interbank electronic fund transfer system in India, enabling instant money transfers 24/7. Developed by NPCI, IMPS facilitates secure transactions, bill payments, and mobile recharges with minimal charges. It ensures financial inclusion by providing banking access to remote areas, revolutionising the way we make payments.

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