A. Immediate Payment Service - इमीडियेट पेमेंट सर्विस
B. immediate fund transfer service - इमीडियेट फंड ट्रांसफर सर्विस
C. Interested Payment Service - इंट्रेस्टेड पेमेंट सर्विस
D. A & B both - A & B दोनों
In the context of banking and finance, IMPS stands for "Immediate Payment Service." It is an electronic funds transfer service that enables instant interbank electronic fund transfers through mobile phones, internet banking, and ATMs in India. IMPS allows individuals to make payments and transfer funds 24/7, including weekends and holidays.