In the context of the banking sector of India, what is the full form of IMPS?
- A.Instant Payment Sector
- B.Immediate Payment Service
- C.Immediate Payment Sector
- D.Instant Payment Service
Show answer
IMPS is an interbank money transfer service run by the National Payments Corporation of India, launched in November 2010. Its great advantage is that it works round the clock, on holidays and at night, and the money reaches the beneficiary within seconds.
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