There are numerous ways of transferring money from one bank account to account. With the increasing technology, online money transfer has become the easiest way of transferring money from one bank to another without any difficulty. Money transfer basically refers to the electronic transfer of… Read More »Online Money Transfer Methods in India
‘IMPS’ means Immediate Payment Service. It is an electronic fund transfer mechanism of the Indian banking system. It lets you transfer funds to a payee’s bank account instantly. This service is available for the customers 24*7. ‘NEFT’ means National Electronic Funds Transfer (NEFT). It is… Read More »What Are the Differences between IMPS and NEFT
Immediate Payment Service (IMPS) is an instant payment inter-bank electronic funds transfer system in India. IMPS offers an inter-bank electronic fund transfer service through mobile phones. The service is available 24×7 throughout the year including bank holidays. NEFT was also made available 24×7 from December… Read More »What Is IMPS?