Andhra Bank has launched Immediate Payment Service (IMPS) at
all its branches in association with the National Payments Corporation of India
(NPCI).
A multi-channel, multi-dimensional platform, IMPS makes
payments possible within fraction of seconds with all the standards and
integrity maintained for security.
The IMPS has been enabled across all branches to provide
inter-bank electronic fund transfer service “capable of processing person to
account remittances.”
Under the IMPS, a real time instant fund transfer system for
inter-bank remittances, the maximum cap of transaction will Rs.2 lakh. The
charges will be at the rate of Rs.5 per transaction.
About Andhra Bank:
Headquarter of Andhra Bank: Hyderabad, Telangana
Tagline of Andhra Bank: Much more to do with you in focus
Present MD and CEO of Andhra Bank: Suresh N Patel
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