Payment rail · India
Payment rail · IndiaWhat 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)
Updated · 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.
// at a glance
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 it moves
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.
// coverage
Where IMPS reaches.
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.
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.
Open a US-dollar account in minutes. No monthly fees.