Immediate Payment Service (IMPS)

Immediate Payment Service (IMPS) is a real-time, 24x7 interbank electronic fund transfer system in India — operated by the National Payments Corporation of India (NPCI) — that enables instant transfer of funds between bank accounts across all participating Indian banks at any time of day, on all days including bank holidays and weekends. IMPS transactions are settled in real time and are irrevocable once initiated, with a per-transaction limit of ₹5 lakh. IMPS can be initiated through: net banking, mobile banking apps, ATMs, and USSD-based mobile banking for feature phone users. Transaction charges typically range from ₹2.5 to ₹25 depending on the transfer amount and the bank's fee structure. For Indian investors and traders, IMPS is particularly valuable for immediate fund transfers to trading accounts — enabling investors to act on time-sensitive market opportunities even outside of regular banking hours, unlike NEFT (which operates in batch settlements during banking hours) or RTGS (which is limited to high-value transactions during banking hours). Ventura's trading account accepts IMPS transfers as an approved funding method, allowing investors to add margin funds for F&O trading, top up account balances for equity purchases, or transfer redemption proceeds back to their bank account on a real-time basis throughout the trading and post-market period.