Features of IMPS
IMPS has the following features:
1. Availability: IMPS is available 24 x 7, and funds can be sent anytime and anywhere through IMPS instantly.
2. Acknowledgement: The receiver and sender of the funds receive a confirmation of credit and debit, respectively, as per the choice of notification mode. Thus, a person does not have to worry, if the funds are transferred or not.
3. Versatile: IMPS service is not only used for funds transfer between two parties but can be used for various other purposes also, such as bill payments, online shopping, fee payment, insurance premium payments, etc.
4. Easy to Use: IMPS is very easy and convenient to use and requires only an internet connection on mobile or computer to be used. It can also be through ATM and SMS in the absence of an internet connection. Thus, it provides a great range of options to use it, making it convenient and easy for the user.
5. Safe and Secure: IMPS is protected through mechanisms such as encryption and firewalls, and the transaction by the user is safe from all attacks. So a user can transact hassle-free using IMPS.