NEWS & ADVICE : CREDIT CARDS
IMPS launched by Kotak Mahindra Bank too
By Ankit Sharma
Mar 25, 2011
Print    Email    RSS   

Private sector lender, Kotak Mahindra Bank has also incorporated the Interbank Mobile Payment Service (IMPS).

With the introduction of this facility, customers will be able to avail 24X7 instant fund transfer facility thereby enabling immediate credit receipt, said the bank.

IMPS has been introduced under the umbrella of National Payment Corporation of India (NPCI), Mumbai.

"IMPS is India's first instant, real-time, 24x7 funds transfer facility in the retail payment sector. With the explosion of mobile penetration in the country, this service is set to benefit all banking customers at large. The service is very easy to use, comes without any charges, and is yet another endeavour to provide simple and easy financial solutions to our customers," Kotak Mahindra Bank Executive Vice President Shalini Mehta said.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Spoiled credit history? - Get a secured...
An analysis of prepaid travel cards
South Indian Bank launches Mobile banking...
Petro Cards 101: A detailed guide
Bankers concerned on RBI loan recovery...


Good Morning, i forgot my FCMB Account Number and...
Radhey@09646870399 @Escoℛts In#Chandigarh...
Radhey@09646870399 @Escoℛt In#Chandigarh...

NEWS THIS WEEK
91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive