IMPS is a 24×7 instant interbank fund transfer service offered by the National Payments Corporation of India, allowing secure transactions through mobile devices with immediate confirmation. Sarvatra® has developed the IMPS Switch to provide banks with cost-effective, technology-based payment solutions. This switch is available for outright purchase by banks, and Sarvatra also offers IMPS Switching Services to banks that already have Core Banking System (CBS) hosts, ensuring seamless integration and support for instant payments.

Our continued endeavour in providing cost-effective technology based payment solutions and to serve an instant payment trend requirement has resulted in the creation of Sarvatra® IMPS Switch. Sarvatra® IMPS Switch is available for outright sale to banks. Sarvatra also offers IMPS Switching Services to Banks with existing CBS hosts.

Types of IMPS Service

IMPS Fund Transfer

P2P: Using Mobile No. and MMID

P2A: Using A/c No. and IFSC code

P2U: Using Aadhaar No. of beneficiary

IMPS Merchant Payments

P2M (Send Payment): Using ‘push’ model

P2M (Collect Request): Using ‘pull’ model

IMPS Funds Transfer
‍1) P2P: Using Mobile No. and MMID
2) P2A: Using A/c No. and IFSC code
3) P2U: Using Aadhaar No. of beneficiary

IMPS Merchant Payments
‍1) P2M (Send Payment): Using ‘push’ model
2) P2M (Collect Request): Using ‘pull’ model

Other Transactions Supported
Balance Enquiry, Mini Statement, Generate/Retrieve/Cancel MMID and Generate OTP.

Sarvatra IMPS Switch

Fully tested and operational for more than three years. ICICI Bank, a major player in IMPS, uses Sarvatra® IMPS Switch for all types of IMPS transactions across all delivery channels.

As per NPCI guidelines, the IMPS switch has been benchmarked to support 150 TPS (transactions per second). Based on first 6 months’ data, 3.5 Lac transactions per day were processed at ICICI Bank through Sarvatra IMPS Switch.

Multiple messaging protocol acceptance.

Certified by NPCI for all IMPS services.

Ease in MIS structure, with customized/tailor-made reports through the Switch’s web-based user interface.

Availability of Reconciliation Module.