IMPS was introduced in 2012 as a pilot programme by NPCI where only four banks offered the facility—State Bank of India, Bank of India, Union Bank of India, and ICICI Bank. IMPS has now grown to 150+ banks. NPCI then expanded IMPS and included YES Bank, HDFC Bank, and Axis Bank later that year.

When did IMPS start the service?

Immediate Payment Service (IMPS) public launch happened on 22nd November 2010 by Smt. Shyamala Gopinath, DG RBI at Mumbai and this service is now available to the Indian public.

How do you know who did IMPS?

IMPS reference number tracking can be done online by signing into your mobile banking account and choosing the “Know your MMID” option. You can also send an SMS to the number provided by your bank for IMPS reference number tracking.