Module: General Practice
Q69: Which payment system, introduced by NPCI, offers 24x7 instant fund transfer through multiple channels including mobile banking, internet banking, and ATMs?
✅ Correct Answer: A
The Immediate Payment Service (IMPS), introduced by NPCI, is a 24x7 fast payment system offering instant fund transfers through various channels.
Its role in 24x7 banking is highlighted in the RBI's Payment Systems Report - June 2025.
Its role in 24x7 banking is highlighted in the RBI's Payment Systems Report - June 2025.