![]() This electronic fund transfer method allows money to be credited immediately to the payee/beneficiary account. Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service that can be used through mobile phones/ATM/ branch/ internet banking. For this, customers must key in the beneficiary's valid account number and IFSC code. IMPS facility lets customers instantly transfer funds to any other bank account up to a maximum of Rs. With this facility, customers can reach out to any of the bank’s branches and request for instant fund transfer. ![]() The bank integrated the IMPS platform within its CBS (Core Banking Solution). Union Bank is one of the first banks in India to launch IMPS for its retail and corporate customers.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |