Google News
logo
Computers - General Knowledge Questions
Money transfer through mobile is called
A)
IFS
B)
ATM
C)
IFSC
D)
IMPS

Correct Answer : Option (D) - IMPS

Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones. The customer should have sufficient account balance to initiate a fund transfer through this method. Unlike NEFT and RTGS, the service is available 24×7 throughout the year including bank holidays.

Published On : June 17, 2021
Advertisement