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Question
Write a Short note on IMPS.
Solution
The acronym IMPS stands for Immediate Mobile Payment Service. It's an acronym for real-time inter-bank electronic fund transmission. A bank customer can use this service to send a specific amount to anyone else who has a bank account with any other bank. The National Payments Corporation of India (NPCI) provides this service 24 hours a day, 7 days a week, 365 days a year.
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