#IMPS,
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Banks, 50 RRBs/DCBs/UCBs and 13 PPIs have opened their transaction channel on
NPCI_IMPS Remittance service to encourage Indians to transfer their money at
the ‘Speed of Light’.
NPCI_IMPS
remittance service works round the clock, all the 365 days a year, and never
goes to sleep.
During
December 2015, Indians have moved INR15,910 crores through NPCI_IMPS digital
channel via 2.42 crore transactions.
During
this calendar year, transactions are expected to cross 10 crores by November
2016.
Unbelievable!!
Check the above table
11
indicators to zoom up volumes 14% month on month
01)
Consecutive banks holidays on 2nd and
4th Saturdays and all Sundays.
02)
Banks opening up NPCI_IMPS channel through bank
branches mode.
03)
Increase in the threshold limit from INR2lacs to
INR5lacs.
04)
Separate transaction advice for faster
reconciliation both at sender and receiver end.
05)
Government Departments signing up to remit
Government payments through NPCI_IMPS channel.
06)
Cross border remittance companies moving all
their transactions to the NPCI_IMPS channel.
07)
168 Banks including Public/Private/RRB/DCB/UCB
are on NEFT platform. This means the respective banks have an IFS Code to
participate in Electronic Transactions Channel. This in turns means another 67
banks can join the NPCI_IMPS channel in the near future.
08)
Reserve Bank of India has authorised 40+ Prepaid
Paid Instruments issuers. Out of this, only 13 have joined NPCI_IMPS. This
means the remaining 27+ PPIs can join NPCI_IMPS channel in the near future.
09)
WLA players have set up over 11,000 ATMs all
over India. These ATMs can be enabled for NPCI_IMPS transactions.
10)
Top 5 eCommerce companies shifting their refunds
to NPCI_IMPS channel.
11)
Transport companies adopting NPCI_IMPS channels
to transfer benefits to their associates.
What will you do
to promote NPCI_IMPS?
NPCI_IMPS Twitter Page
NPCI_IMPS Facebook Page
The NPCI_IMPS FAQ page has all the
details to assist in Safe IMPS transactions.
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