In a bid to provide inter-bank electronic transfer service, capable of processing person to account remittances, Andhra Bank has launched Immediate Payment Service (IMPS) across branches.
IMPS is a multi-channel and multi-dimensional platform that makes payments possible within fraction of seconds with all the standards and integrity maintained for security. Each transaction will have a maximum cap of Rs 2 lakh and charged at the rate of Rs 5 per transaction.