IPS has been in practice in the banking sectors for transferring funds from one bank to another member banks. Along with the increasing preference of the customers to get the banking services without visiting the bank’s premises, internet banking modality has been introduced. The IPS through internet banking modality facilitates the customers to process interbank fund transfer without having to visit the bank’s premises and also without filling up any paper
Modified on: Thu, 22 Aug, 2019 at 10:02 AM
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