In order to use IMPS , a user needs to register for the mobile banking or internet banking service provided by the bank . The bank then provides the user with Mobile Money Identifier (MMID) and mobile banking personal identification number (MPIN). The full form of IMPS is Immediate Payment Service . It is an electronic funds transfer system in India, enabling instant, real-time bank transfers 24/7, throughout the year. What is IMPS ? Know about IMPS , full form of IMPS , features, advantages of IMPS and how to transfer funds through IMPS from one bank to another. IMPS The full form of IMPS is Immediate Mobile Payments Services. This online payment system facilitates inter-bank funds transfer system in real-time. An important factor to note is that you can use IMPS 24x7 throughout the year, including bank holidays. NEFT, RTGS and IMPS Limit
