The question of money is a bare necessity; no one knows when there might be a financial emergency and you will need to fall back upon a large sum of money to solve some crisis. Think of a situation when your loved one or child is staying or studying in some other city or country and there is a need to send a considerable sum of money immediately.
How do you make this quick transaction possible? With the help of IMPS money transfer service of course!
Immediate Payment Service or IMPS, for short, is a service that can be made use of with the help of one’s mobile phone. The receiver will be credited with the transferred money right away. The only thing is that both the accounts need to be IMPS enabled. No more standing in long queues in the pouring rain of the monsoons or sweltering heat of the summers. Get your money transferred from the confines of your comfort space at the snap of a finger.
More and more people these days are turning to IMPS emergency fund transfer. The reasons are as follows;
• Always Available
Unlike most other money transfer services, IMPS enjoys being one of these rare few that are available round the clock. Not only is it open for money transfer service 24*7 but also during the dreaded bank holidays. This is a huge benefit when you have to send off money suddenly and urgently.
• The Range is High
The IMPS money transfer service enables you to transfer money anywhere between one rupee to two lakh rupees in Indian currency. On a daily basis if there is end-to-end encryption, which will be provided to you by the bank, then the bank can allow a transaction amount of up to Rs. 50,000 and if there isn’t any end-to-end encryption then the bank will allow a transaction amount of Rs.1,000.
• Low Processing Fee
The transaction speed of this service is super fast, not to mention that the processing charges are really low.
The IMPS money transfer service can only be carried out online and through internet banking. Other services such as NEFT and RTGS are available not only online but also offline. When you are carrying out the money transfer all that you will require is a MMID pin that will be provided to you in seven digits. In order to get hold of this MMID pin you will need to navigate yourself to the banking option on your mobile phone, choose the required bank account, choose the Insta FT option and finally click on the MMID option and you are set!
How do you make this quick transaction possible? With the help of IMPS money transfer service of course!
Immediate Payment Service or IMPS, for short, is a service that can be made use of with the help of one’s mobile phone. The receiver will be credited with the transferred money right away. The only thing is that both the accounts need to be IMPS enabled. No more standing in long queues in the pouring rain of the monsoons or sweltering heat of the summers. Get your money transferred from the confines of your comfort space at the snap of a finger.
More and more people these days are turning to IMPS emergency fund transfer. The reasons are as follows;
• Always Available
Unlike most other money transfer services, IMPS enjoys being one of these rare few that are available round the clock. Not only is it open for money transfer service 24*7 but also during the dreaded bank holidays. This is a huge benefit when you have to send off money suddenly and urgently.
• The Range is High
The IMPS money transfer service enables you to transfer money anywhere between one rupee to two lakh rupees in Indian currency. On a daily basis if there is end-to-end encryption, which will be provided to you by the bank, then the bank can allow a transaction amount of up to Rs. 50,000 and if there isn’t any end-to-end encryption then the bank will allow a transaction amount of Rs.1,000.
• Low Processing Fee
The transaction speed of this service is super fast, not to mention that the processing charges are really low.
The IMPS money transfer service can only be carried out online and through internet banking. Other services such as NEFT and RTGS are available not only online but also offline. When you are carrying out the money transfer all that you will require is a MMID pin that will be provided to you in seven digits. In order to get hold of this MMID pin you will need to navigate yourself to the banking option on your mobile phone, choose the required bank account, choose the Insta FT option and finally click on the MMID option and you are set!
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