2. What does IMPS P2P mean? IMPS P2P stands for Immediate Payment Service Person-to-Person. It refers to a method of transferring money directly between individuals using the IMPS platform. This allows users to send funds instantly to another person’s bank account using their mobile number, ...
Charges are associated with IMPS transactions which may be between Rs.5 to Rs.15 depending by the respective bank. People who are not familiar with using mobile banking apps or other digital financial services, using IMPS can be confusing and not so easy. ...