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IMPS Service

Introduction

IMPS stands for Instant Payment Service in Indian Banking System Terminologies. It is a money transfer mechanism made available by the country’s apex bank, the Reserve Bank of India and the National Payments Corporation of India (NPCI). In 2010, NPCI launched IMPS service through a pilot project with major banks, IMPS has now grown to 150 banks.

A key feature of IMPS is that it is always available for use. It transfers funds instantly and is a great banking platform in case of emergency. The transaction charges of this platform are also very nominal and the transfer limit is also worth considering, approximately ₹50 thousand per day. Moreover IMPS is also available on mobile which makes it more convenient.

The National Payments Corporation of India (NPCI) is responsible for managing the IMPS fund transfer system. This system is controlled by the Reserve Bank of India. IMPS may define IMPS as an instant, inter-bank real-time fund transfer mechanism enabled through electronic means.

The Gadchiroli District Central
Co-op Bank Ltd. Gadchiroli

Head Office

Near ST Bus Stand, Dhanora Road, Gadchiroli Taluka, Gadchiroli District, Gadchiroli.

Contact Us

Call Us: 07132-233438, 233570
Mail Us: support@gdccbank.com

Help Desk

For RTGS/NEFT Assistance
07132-232050
For ATM Card Assistance
07132-233571
Missed Call Balance Enquiry
09289201111
For Mobile Banking
07132-233571 

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