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Verified Answer :

The answer is A) IMPs

Instant Payment Services IMPS is a cell phone international fund transfer service. It is being expanded via other channels such as ATMs and Internet banking.

  • This one is a strong service that lets funds be transferred instantaneously between banks in India, which is not only safe but also cost-effective.
  • Throughout banking hours, fund transfers are made using NEFT and RTGS.
  • It differs from NEFT and RTGS in that it is accessible 24 hours a day, 365 days a year, including bank holidays.

Therefore, the final answer is "Option A".

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