IFSC - Indian Financial System Code
MICR - Magnetic Ink Character Recognition Code
Question. Is IMPS safe?
Ans. Yes IMPS is 100% safe and the best way for transferring the money.
Question. Is IMPS reversed?
Ans. No, Once the IMPS transfer is initiated it can't get reversed unless its a server fault.
Question. Can I use same IFSC Code for IMPS, NEFT and RTGS Transfer?
Ans. Yes, there is only one IFSC code for a signal branch and it is same for all kind of transactions.
Question. After how much time an IMPS mode of transfer shows the money in the beneficiary account after a successful transaction?
Ans. IMPS stands for Immediate Mode of Payment Services which means after successful transaction money will transfer immediately to the account of the beneficiary.
Question. Digital Mode of Payment Services are safe?
Ans. Yes, It is a safe mode for transferring the money.