In Andhra Pradesh, Andhra Bank has launched Immediate Payment Service (IMPS) across all its branches in association with the National Payments Corporation of India (NPCI), capable of processing person-to-account remittances. The Service makes payments possible within fraction of seconds with all the standards and integrity maintained for security. IMPS has been enabled across all branches to provide inter-bank electronic fund transfer service capable of processing person to account remittances. Unlike National Electronic Funds Transfer (NEFT), IMPS will be available round-the-clock under which a real-time instant fund transfer system for inter-bank remittances is possible. The maximum cap of transaction will be Rs. 2 lakh and charged at the rate of Rs five per transaction.