Immediate Payment Service

GPTKB entity

Statements (33)
Predicate Object
gptkbp:instanceOf Electronic Funds Transfer
gptkbp:abbreviation gptkb:IMPS
gptkbp:availableOn 24x7
gptkbp:competitor gptkb:NEFT
gptkb:RTGS
gptkb:UPI
gptkbp:country gptkb:India
gptkbp:headquarters gptkb:Mumbai,_India
https://www.w3.org/2000/01/rdf-schema#label Immediate Payment Service
gptkbp:language gptkb:Hindi
English
gptkbp:launchDate 2010
gptkbp:launched gptkb:National_Payments_Corporation_of_India
gptkbp:maximumLoanAmount varies by bank
gptkbp:operates 365 days a year
gptkbp:purpose real-time interbank electronic fund transfer
gptkbp:regulates gptkb:Reserve_Bank_of_India
gptkbp:requires gptkb:MMID
mobile number
IFSC code
bank account number
gptkbp:settlementType real-time
gptkbp:supports ATM
mobile banking
SMS
internet banking
gptkbp:transferFee varies by bank
gptkbp:transferSpeed instant
gptkbp:usedFor person-to-person payments
merchant-to-merchant payments
person-to-merchant payments
gptkbp:bfsParent gptkb:IMPS
gptkbp:bfsLayer 6