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IMPS on WazirX

Our rating
2.8
Status
Caution
Offered in
1 country
Type
Domestic bank rail
Rail reviewed
2026-08-18
Review updated
2026-08-23

Know before you deposit

Lost 234 million dollars in a July 2024 wallet breach and froze customer funds for over a year. A Singapore court approved a restructuring in October 2025 and trading resumed on 24 October 2025, with an initial 85 percent payout. The remaining 15 percent is owed in Recovery Tokens that remain non-tradable and non-withdrawable as of mid-2026.

Yes. WazirX takes IMPS in India. Credit is immediate and the service runs 24 hours a day, every day of the year, weekends and bank holidays included. Of the 3 rails on our record for WazirX, it is the one offered in the most countries.

What IMPS is

IMPS, the Immediate Payment Service, is India's round the clock interbank transfer rail. It is run by the National Payments Corporation of India (NPCI) and reaches customers through their own bank's app, net banking, ATMs and branches rather than through any NPCI product of its own. A transfer moves rupees from one Indian bank account to another using the account number and IFSC code, or a mobile number and MMID. Banks offer it alongside NEFT and UPI.

Speed
Credit is immediate and the service runs 24 hours a day, every day of the year, weekends and bank holidays included.
Cost of the rail
The scheme publishes no consumer price, so you pay whatever your own bank charges for an outward IMPS transfer, normally a small flat amount by value slab plus tax rather than a percentage.
Limits
The per transaction ceiling is 5 lakh rupees for all channels except SMS and IVR, and your bank may apply a lower daily cap of its own.

Every exchange that takes IMPS

Where WazirX offers IMPS

Each country opens the WazirX page for that market, with its rank there and every rail it takes. The number is WazirX's rank in that country's guide.

Asia (1)

What IMPS costs on WazirX

Rupee deposits over UPI, IMPS, NEFT and RTGS are largely free.

Other ways to pay on WazirX

2 other rails at least one country we rank WazirX in uses, widest reach first.

Frequently asked questions

Does WazirX accept IMPS?

Yes, in India. Of the 3 rails on our record for WazirX, it is the one offered in the most countries. Support is decided market by market, so the country pages linked here are the exact list.

In which countries can I use IMPS on WazirX?

India, from our country guides reviewed between 2026-08-23 and 2026-08-23.

How long does a IMPS deposit take on WazirX?

Credit is immediate and the service runs 24 hours a day, every day of the year, weekends and bank holidays included. That describes the rail itself; WazirX may hold a first deposit for longer while it verifies your account.

What does IMPS cost on WazirX?

The scheme publishes no consumer price, so you pay whatever your own bank charges for an outward IMPS transfer, normally a small flat amount by value slab plus tax rather than a percentage. On WazirX's side: Rupee deposits over UPI, IMPS, NEFT and RTGS are largely free.

Are there limits on IMPS deposits?

The per transaction ceiling is 5 lakh rupees for all channels except SMS and IVR, and your bank may apply a lower daily cap of its own. Any limit WazirX applies on top is set per account tier and shown inside the platform.