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TRUE OR FALSE Immediate Payment Service (IMPS) is an instant money transfer service facilitated by NPCI. - Commerce

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Question

TRUE OR FALSE

Immediate Payment Service (IMPS) is an instant money transfer service facilitated by NPCI.

True or False
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Solution

This statement is true.

Explanation:

IMPS (Immediate Payment Service) is an instant, 24 × 7 electronic money transfer service in India, and it is facilitated by the National Payments Corporation of India (NPCI).

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Chapter 4: Banking - Latest Trends - QUESTIONS [Page 114]

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C. B. Gupta Commerce Volume 2 [English] Class 12 ISC
Chapter 4 Banking - Latest Trends
QUESTIONS | Q 36. | Page 114
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