Discussion
Which of the following is not true about Immediate Payment Service (IMPS)?
Answer: D
One can choose the IMPS method to transfer money using net banking, mobile banking, ATMs or SMSs.D) - As internet banking also facilitates IMPS, so all internet banking account holders can use IMPS to transfer funds. There are 2 options available here - One is through MMID. And another is through IFSC Code of bank branch of beneficiary (to whose account amount to be transferred), in this option MMID of neither is needed to perform transaction.
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