Question
Download Solution PDFIn the context of banking sector of India, what is the full form of IMPS?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is option 2, i.e. Immediate Payment Service.
- Immediate Payment Service is an instant payment inter-bank electronic funds transfer system in India.
- It was founded on 22 November 2010.
- National Payments Corporation of India is the owner of this system.
Last updated on Jun 26, 2025
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