Business Studies

IMPS transactions can be done in which of the following way(s)?


ANSWER

All of the above


SOLUTION
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)
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Single Correct Medium Published on 18th 08, 2020
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