1 of the 80 exchanges we track accept IMPS deposits, ranked by CWR Score. The list below is checked against your country.
Every exchange below lists IMPS among its deposit methods in the CryptoWinRate database. The list checks each venue's restricted-country list against your location. Change it if we got it wrong.
Pick a different country above, or browse all reviews.
Also accepting IMPS, but restricted in your country: Delta Exchange,
IMPS, the Immediate Payment Service, is India’s instant interbank transfer rail, run by the National Payments Corporation of India. It moves rupees between bank accounts in real time, every day of the year, including nights, weekends and holidays.
Paying a crypto exchange with IMPS means sending rupees from your own bank account to the exchange’s account. You need an account at an Indian bank and the exchange’s account number and IFSC code. You don’t share card details or login credentials, only the transfer itself. The trade-off is that an IMPS transfer is final once settled, so a mistake is hard to undo.
The list at the top of this page shows the exchanges that accept IMPS.
IMPS is run by the National Payments Corporation of India (NPCI) and regulated by the Reserve Bank of India. NPCI piloted the service in 2010 with four member banks: State Bank of India, Bank of India, Union Bank of India and ICICI Bank. It expanded to Yes Bank, Axis Bank and HDFC Bank later that year, then launched publicly on 22 November 2010.
The network has grown steadily since. By April 2023, 722 member banks had signed up for the service. For someone paying with it today, that reach is the point: nearly every scheduled Indian bank participates, through mobile banking, internet banking, ATMs, SMS and branches.
NPCI and the IMPS scheme don’t offer any crypto buying, holding or wallet service of their own. IMPS is purely a way to move rupees between bank accounts, nothing more.
NPCI hasn’t published a policy that permits or prohibits member banks from processing IMPS transfers to crypto exchanges. In practice, individual banks may apply their own restrictions on such transactions. A transfer can be held for a manual check even when it isn’t blocked outright, and some banks apply extra scrutiny to transfers to crypto businesses. Because IMPS addresses a bank account directly, it is less exposed to the app-level restrictions that make some other rails unreliable for crypto payments.
These steps work at any exchange that accepts IMPS.
An IMPS transfer settles in real time, so the rupees usually reach the exchange account within minutes, at any hour of any day. The scheme runs around the clock, every day of the year, with no batch delays for you.
When it’s slower, the hold is usually at the exchange or the bank rather than the rail. A first-time deposit may trigger an identity or reference check, and many banks apply a cooling-off period before you can send to a newly added beneficiary. Plan the first payment around that rather than being surprised by it.
Most banks charge a small per-transfer fee for sending by IMPS, unlike UPI which is free for individuals. Outward transfers attract slab-based fees plus GST, and the exact amount varies by bank and the size of the transfer; inward transactions are generally free.
The exchange may add its own cost on top, either a deposit fee or a wider price on an instant buy. Check the deposit screen and the buy screen for the full figure before you confirm, so you can see what reaches your account after everything is taken out.
All four are Indian rupee rails and they differ mainly in speed, cost and size. UPI is instant and free but capped low and unreliable for crypto merchants. IMPS is instant, cheap and takes larger amounts. NEFT settles in half-hourly batches and is usually free, which suits an unhurried deposit. RTGS is for large amounts and settles one payment at a time.
For funding an exchange, IMPS is usually the best default: fast enough that you are not watching the screen, large enough that you are not splitting the deposit, and available when UPI is not.
Move up to RTGS only if the amount exceeds what IMPS will carry, and down to NEFT only if you do not mind waiting.
Compare the exchanges on the list at the top of this page on a few things. Look at the total cost shown before you confirm, not just the coin price. Check how long identity verification takes, and whether you can withdraw back to IMPS when you want your rupees out. Confirm the coins you want to buy are available, and look at the exchange’s security record. Whether a venue offers more than one rupee rail matters too, since that keeps you funded when a bank tightens its rules.
Yes. Send from a bank account in your own name that matches your verified identity at the exchange. A payment from someone else’s account can be rejected or held, and sorting it out is slow.
IMPS supports payouts as well as deposits, so an exchange can send rupees back to your bank account where its bank policies allow. Check the withdrawal options before you deposit, since not every venue offers it.
An IMPS transfer is final once credited, with no built-in reversal for an authorised payment. If money lands in the wrong place it has to be chased through the banks, which is slow and often unsuccessful. Keep the IMPS reference number so support can trace it.
Many banks apply a cooling-off period before a new payee can receive money, and often a lower limit on the first transfer. Add the exchange’s details ahead of time so the first deposit isn’t delayed.
It’s the code identifying the receiving bank branch. It has to be exactly right, since an incorrect IFSC either fails or routes the money to the wrong branch.
Another Indian rupee rail is the usual fallback. UPI suits small, free transfers, NEFT suits an unhurried deposit, and RTGS handles amounts larger than IMPS will carry.
