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When can the beneficiary use the funds received through IMPS?

Can a customer receive remittance using the mobile number other than the one registered with the bank?

How does the remitter come to know that his account is debited and funds have been credited to the beneficiary's account

Is it necessary to have sufficient account balance to initiate a remittance?

How long does it take for the remittance to be credited into the beneficiary account number?

Are there any subscription charges for the customers to avail IMPS facility?

What are the charges for the customer for sending and receiving remittances using IMPS?

If the transaction is not completed, will the customer get his / her money back? When?

CAIIB 2017 Previous Year session Questions paper with soution

What are the timings for initiating and receiving IMPS remittances?

What happens in case the remitter enters wrong beneficiary details for remittance?

How can a user remit money by using IMPS?

Is there any limit on the value of transactions in IMPS? Please give some examples.

What are the restrictions for activation of a beneficiary added by a user?