Multiple choice

In banking, what does IMPS stand for?

  1. Inter Bank Messaging and Propagation System

  2. InterBank Mobile Payment System

  3. International Mobile Payment and Settlements

  4. Immediate Payment Service

  5. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

IMPS - Immediate Payment Service is an interbank electronic instant mobile money transfer service through mobile phones. IMPS service from ICICI Bank helps you access your bank account and transfer funds instantly.

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