Starting from 1 February, users can transfer money through IMPS by just adding the receiver s mobile number and bank account name, eliminating the need to add a beneficiary or IFSC code
Transfer Upto Rs 5 lakh Without Account Details, IFSC Code Under New IMPS Rules - Trak in - Indian Business of Tech, Mobile & Startups trak.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trak.in Daily Mail and Mail on Sunday newspapers.
There are various ways in which one can transfer money online including the National Electronic Fund Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Services (IMPS), among others