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Need for the study on service business - class-XI
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IMPS transactions can be done in which of the following way(s)?
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A
All of the above
💡 Explanation:
IMPS is the process of transferring funds
through mobile phones. IMPS stands for Immediate Payment Service. The
service of IMPS is available 24/7 throughout the year including bank
holidays. It offers an inter bank electronic fund transfer service
through the use of mobile phones. IMPS can be done in the following ways:a) Using Mobile number & MMID (P2P) b) Using Account number & IFS Code (P2A)c) Using Aadhaar number (ABRS)