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Launched on
Launched on 22nd November 2010, IMPS is 22nd November 2010, IMPS is
an instant payment inter-bank electronic funds inter-bank electronic funds
an instant payment
transfer system
transfer system

2nd Largest
2nd Largest

payment method in India after B
payment method in India after BHIM-UPIHIM-UPI

INR 40,93,
INR 40,93,673 crores673 crores

worth of IMPS transactions between
worth of IMPS transactions between April- April-
December 2022
December 2022

423 crore
423 crore

transactions done between April-April-
transactions done between
December 2022
December 2022

47% CAGR
47% CAGR

growth in volume of IMPS transactions
growth in volume of IMPS transactions
through last 5 years from 2017-
through last 5 years from 2017-2222

Source: NPCI Source: NPCI
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