IMPS (Immediate Payment Service)
IMPS is an instant interbank electronic fund transfer service that allows inter and intra-bank transfers. In simple word, IMPS helps customers transfer money instantly from one account to another. You can send money in real- time using IMPS. IMPS is available 24x7 throughout the year.
UPI (Unified Payment Interface)
UPI( Unified Payment Interface) is a unique payment system through which you can link your Bank account to a mobile application and make transactions safely.From transferring money to friends,to paying merchants, from online shopping to paying utility bills, UPI makes transferring money easy, safe and instant.