Does IMPs work on Sundays?
IMPS or Interbank Mobile Payment Service offers instant funds transfers and you can transfer funds even on Sundays and public holidays. Before using IMPS, you will have to register your mobile phone with your bank branch. The bank branch will then issue you a 7 digit MMID code. You will need to send this code to your sender to receive funds.
You can use IMPS 24 hours a day and 7 days a week. Unlike National Electronic Funds Transfer (NEFT) or Real Time Gross Settlement (RTGS), there are no holiday restrictions for IMPS. The charges for IMPS are also similar to that of NEFT and RTGS. The best part is that the fund transfer is done immediately.