PRODUCT / IMPS
Real-Time Interbank Transfers Across Remitter and Beneficiary Roles
A real-time interbank fund transfer switch for remitter and beneficiary roles on the NPCI IMPS network, with CBS posting, verification, reversal handling and settlement support.
CAPABILITIES
What the Product Covers
01
Transfer types
Person-to-Account (account + IFSC); Person-to-Person (mobile + MMID); Person-to-Merchant.
02
Verification
Beneficiary name enquiry and account verification.
03
Processing
Remitter and beneficiary flows; timeouts, auto-reversal and transaction status handling; limits and velocity rules.
04
Integration
CBS adapter for debit, credit and reversal postings; NPCI connectivity with message signing.
05
Settlement support
NPCI settlement and report file handling for reconciliation.
A natural path to UPI. For banks joining NPCI networks, IMPS is commonly the first milestone before UPI. Pair it with 3-Way Reconciliation to close every settlement cycle.
PLAN YOUR IMPS GO-LIVE
Map transfer roles, CBS integration and the plan that gets you certified and live.