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Andhra Bank launches Immediate Payment Service

06 Jan 2016 Evaluate

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.

 

Peers
Company Name CMP
State Bank Of India 963.90
PNB 122.25
Bank Of Baroda 237.50
Canara Bank 120.05
Union Bank Of India 181.05
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