As per the data of National Payments Corporation of India (NPCI), Rs 3,238.26 billion or Rs 3.23 trillion was transferred through IMPS during the first quarter 2018-19.
The figure stood at Rs 1,744.19 billion or Rs 1.74 trillion during April-June, 2017-18.
As per NPCI data, the number of transactions through IMPS crossed 100 million mark in March 2018 and touched a high of 120.4 million in June.
IMPS was launched in November 2010. Earlier, only NEFT and RTGS were available to user for fund transfer during banking hours.
Electronic fund transfers and digital payments have gained traction post demonetisation in November 2016.
The decision had led to a massive cash shortage and banks
had restricted withdrawals, both from the branches as well as ATMs for some months.
Fund transfer through IMPS stood Rs 324.8 billion in November 2016 and has kept on rising since then.
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