Immediate Payment Service (IMPS) public launch on
Correct Answer :
22nd November 2010
Solution :
The correct answer is 22nd November 2010.
Immediate Payment Service (IMPS) is an instant inter-bank electronic fund transfer service in India. It was officially launched to the public on 22nd November 2010 by Shyamala Gopinath, the then Deputy Governor of the Reserve Bank of India (RBI), at Mumbai.
The service is managed and operated by the National Payments Corporation of India (NPCI) and is built upon the National Financial Switch network. It allows customers to transfer money instantly 24/7/365 through various channels such as mobile banking, internet banking, ATMs, and SMS.
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