Immediate Payment Service (IMPS) is distinct because it:

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Economics · Banking Systems

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Enables 24×7 instant interbank transfers

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Answer 1

Operates only during banking hours

Answer 2

Requires physical branch presence

Answer 3

Enables 24×7 instant interbank transfers

Answer 4

Allows only corporate transfers

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