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IMPS fund transfers double from previous year to Rs 3.23 trn in Apr-Jun qtr

Transfer of funds through Immediate Payment Service (IMPS) crossed a whopping Rs 3.23 trillion in April-June quarter of 2018-19, which is almost double the amount recorded in the year-ago period. Different banks have different limits for daily and monthly fund transfer through IMPS. IMPS offers an instant, round-the-clock interbank electronic fund transfer service that …

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