What is IMPS?
IMPS — Immediate Payment Service — is India’s system for instant, 24/7 interbank money transfers. Poplin pays out to India over IMPS, settling in real time.
Source: NPCI (opens in a new tab)
Reviewed · by Joyce Chin, Chief Operating Officer & Compliance Officer
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A payout to India clears fastest over
IMPS
settles in real time · 0.75% + $1.00 on a business account
Also reaches USD accounts over
Set from your location — change it above.The recipient’s account details decide the rail — the fee is always shown before you send.
What the rail sets for a payout over IMPS — and what Poplin charges to send.
Settlement
Real time
clears in seconds
Reaches
1
country — India
Paid out in
INR
Indian rupee
Business fee
0.75%
plus a $1.00 fixed fee
Clearing
Local
domestic clearing
Days are business days — a Saturday delays a same-day or next-day payout. These are ceilings, not typical times: within the window, how fast the money lands depends on the receiving bank.
How IMPS payouts move.
From your US-dollar balance to an account in India — four steps, seconds end to end.
You send from USD
Enter an amount in your Poplin US-dollar account and confirm the payout — the full fee shows before you send.
Converted at mid-market
Dollars become Indian rupees at the mid-market rate — no markup added.
Cleared over IMPS
Poplin clears the payout over IMPS, India’s instant interbank transfers.
Arrives in seconds
The money lands in the recipient’s account in India in seconds.
Where IMPS reaches.
India
The one country Poplin pays out to over IMPS, in Indian rupees.
Send to India →Paid in US dollars by clients abroad? Poplin gives you a US-dollar account with a US account and routing number they can pay into, and you can then convert to Indian rupees at the mid-market rate and pay out to a bank account in India over IMPS. Get paid in US dollars in India →
Sending somewhere else?
Each destination clears over its own set of rails. See the rail, speed, and fee for any destination — or the fee for every rail on one page.
Other rails to India.
IMPS — FAQ
Basics What is IMPS?
IMPS — Immediate Payment Service — is India’s system for instant, 24/7 interbank money transfers. Poplin pays out to India over IMPS, settling in real time.
Speed How long do IMPS payouts take?
Over IMPS, Poplin payouts settle in real time. Payments leave your account in seconds; IMPS then clears the payout to the recipient’s bank.
Cost How much does it cost to send money over IMPS with Poplin?
A percentage of the amount plus a $1.00 fixed fee — 0.75% on a business account and 1% on a personal account, shown in full before you send. Conversion, where the payout currency isn’t US dollars, is at the mid-market rate with no markup.
Coverage Which countries does Poplin reach over IMPS?
IMPS is how Poplin pays out to India, in INR. Poplin also reaches India over SWIFT (USD) — which one a payout uses depends on the bank details your recipient has.
Send US dollars to India over IMPS.
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