IMPS Full Form, Full name of IMPS, How to Send money through SMS IMPS

IMPS Full Form, what is the full form of IMPS, what is the full name of IMPS, full form of IMPS, who is called IMPS, what are the benefits of IMPS, if you do not have an answer, then you do not need to be depressed because today we will know through this article what is IMPS and what is its full form. Let's get all kinds of general information about IMPS in easy language with the help of this article.

What is IMPS - 

IMPS is an easy banking payment system service, and using it you can send money from one account to another in real-time. As you know, sending money to NEFT and RTGS takes a little time, while if you are sending money through IMPS, then immediately you send your money from one account to another, using it gives you more No need to wait. Let us now get a little more information about it in the easy language.

National Payments Corporation of India first introduced IMPS. Friends, with the help of this service, you can transfer electronic funds to any bank through mobile phone, Internet, ATM 24 hours and would like to tell you about this information, started this service as a pilot project in August 2010 went and later it was launched as a full service on 22 November 2010.

• Full-Form of KYC
• Full-Form of ATM
• Full-Form of IFSC CODE

Initially, the service of IMPS was launched by a few banks such as State Bank of India, ICICI Bank, Bank of India. But later other private banks like AXIX Bank and HDFC Bank also started using this service. At present, there is a complete list of all banks providing this service on the NPCI website.

Full-Form of IMPS - 

The full form of IMPS is "Instants Money Payment System" whiles its full name of IMPS in Hindi is "तत्काल भुगतान सेवा".

Some important things about IMPS Service

• Immediate Payment Service is the full name of IMPS.
• You can use IMPS service anytime, this service remains 24 active.
• RGTS service is like IMPS, which is real-time and fastly, using RGTS service you can send payment of at least 2 lakh rupees.
• To use IMPS service, you must have the MMID number or Bank Account Number of the person in front and if you have the bank account number of the person in front, then you can send money to them.
• You can send money anytime and anytime if you have the mobile number of the person in front.

How to do IMPS via SMS?

Let's know how to do IMPS through SMS Service -

If you do not have an internet connection and you want to transfer money to someone, then do not panic at all because using IMPS service you can transfer money without internet connection also. For your information, you can add beneficiary from SMS format through SMS. And you can get these SMS formats easily from your bank's website, keeping in mind that these formats can be different in different banks, here I have given a format as an example.

IMPS <Beneficiary Mobile No> <Beneficiary MMID> <Amount> <MPIN>

Friends, once this process is over, you can easily send money to whoever you want.

How to use IMPS -

To use IMPS, you have to activate mobile banking. Mobile banking You can also apply by visiting the ATM machine or by submitting the form in your branch. On applying for mobile banking, you will be provided with MMID and MPIN using which you can use IMPS.

After registering for mobile banking, you have to download your bank's mobile banking app or you can also use it through USSD code.

• Full-Form of GST
• Full-Form of CEO
• Full-Form of NDA

How to transfer funds through IMPS -

By bank account number and IFSC code -

For this, you should know the beneficiary's bank account number and ifsc code. Log in to the mobile banking app, select the option with IMPS using account no and IFSC and enter the beneficiary account number and ifsc code and the amount, and click submit. After that, put your MMID, you will see the message of successfully fund transfer.


By mobile number and MMID -

Through this option, you can send money to the beneficiary through his mobile number and mmid. For this, you have to choose the option with IMPS using mobile and MMID. Here you have to enter the beneficiary's mobile number, mid, and amount and submit it. Then you have to put your mpin and the money will be transferred.

To register and activate for mobile banking in your bank account and for any kind of information, you can contact your bank branch.

Conclusion - 

I hope you have understood What is IMPS easily if you have still any doubt then you can ping us through the comment box. If you liked this article and found it useful, then share it with your friends. Also, feel free to comment in the section below. If you want to appreciate my article, please share my post with your friends so that they can take advantage of my services.