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In the context of the banking sector of ...

In the context of the banking sector of India, what is the full form of IMPS?

A

Instant Payment Service

B

Instant Payment Sector

C

Immediate Payment Sector

D

Immediate Payment Service

Text Solution

Verified by Experts

The correct Answer is:
D
Immediate Payment Service (IMPS) is an instant payment inter-bank electronic funds transfer system in India. IMPS offers an inter-bank electronic fund transfer service through mobile phones.
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