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IMPS Bank Performance

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IMPS Top 30 Beneficiary Banks Performance (January'21)
Sr. No. IMPS Beneficiary Banks Total Volume (Mn) Approved % BD % TD% Deemed Approved %
1 State Bank of India 82.66 93.48% 2.43% 3.62% 0.46%
2 HDFC Bank 30.95 96.81% 2.79% 0.40% 0.01%
3 BANK OF BARODA 23.75 94.09% 4.38% 1.21% 0.32%
4 Punjab national Bank 20.97 91.90% 5.15% 2.83% 0.12%
5 ICICI Bank 18.83 96.46% 3.39% 0.14% 0.01%
6 Paytm Payments Bank 17.84 55.52% 44.25% 0.19% 0.03%
7 Canara Bank 16.84 81.56% 9.61% 8.37% 0.45%
8 Union Bank of India 16.67 94.47% 2.92% 2.30% 0.31%
9 Bank Of India 14.20 92.41% 6.21% 0.97% 0.41%
10 Axis Bank 12.69 95.39% 4.40% 0.19% 0.02%
11 Kotak Mahindra Bank 12.33 93.20% 6.27% 0.45% 0.08%
12 Andhra bank 10.94 62.62% 26.32% 10.89% 0.17%
13 Syndicate Bank 10.37 32.64% 57.44% 9.81% 0.11%
14 Central Bank of India 9.49 94.59% 4.14% 1.12% 0.16%
15 Indian Bank 9.00 72.27% 2.28% 24.39% 1.06%
16 Allahabad Bank 6.51 94.90% 4.08% 1.00% 0.03%
17 IDBI Bank 6.01 94.01% 5.84% 0.14% 0.00%
18 Indian Overseas Bank 5.16 94.57% 3.03% 2.23% 0.17%
19 Bank of Maharashtra 5.07 93.07% 4.11% 2.69% 0.13%
20 UCO Bank 4.41 94.75% 4.14% 0.49% 0.62%
21 Federal Bank 3.82 97.53% 2.11% 0.22% 0.15%
22 Indusind Bank 3.58 96.30% 2.29% 1.13% 0.28%
23 Karnataka Bank 3.50 93.63% 2.94% 3.06% 0.36%
24 Karur Vysya Bank 3.02 96.66% 2.84% 0.49% 0.01%
25 Yes Bank Ltd 2.39 88.38% 9.92% 1.23% 0.48%
26 RBL Bank Limited 2.37 95.24% 4.60% 0.12% 0.05%
27 Airtel Payments Bank 2.26 77.93% 21.46% 0.47% 0.15%
28 IDFC BANK 1.93 94.95% 3.39% 1.62% 0.03%
29 Bandhan Bank limited 1.78 95.46% 3.39% 0.67% 0.48%
30 The South Indian Bank 1.69 96.72% 2.84% 0.41% 0.02%


Glossary -
  • Business Decline (BD) - Transaction decline due to a customer entering, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
  • Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
  • Deemed Approved (Pending Credit Confirmation for IMPS transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
  • Beneficiary - The account holder who is receiving money.