Flipkart, Online Shopping Portal will Refund Your Money within 24 Hours through IMPS

Good news for online shopper, India's largest online shopping website i.e. Flipkart will refund your money within 24 hours, if you are returning any product bought from Flipkart.

Previously refund process was taking 3-5 days, but now it is good step taken by Flipkart. The company will use the mechanism of Immediate Payments System (IMPS) and within 24-hours of the product reaching its hub, the money will be transferred to the user’s account.

The one day refund policy is valid for only those users whose bank supports the transfer of money through IMPS.

And below is the list of IMPS Funds Transfer

Allahabad Bank

Andhra Bank

Axis Bank

Bank of Baroda

Bank of India

Bank of Maharashtra

Bassein Catholic Co - operative Bank

BNP Paribas

Canara Bank

Catholic Syrian Bank

Central Bank Of India

Citi Bank

Corporation Bank

Dena Bank

Development Credit Bank Ltd

HDFC Bank

ICICI Bank

IDBI Bank

Indian Bank

Indian Overseas Bank

IndusInd Bank

ING Vysya Bank

Jammu & Kashmir Bank Ltd

Janaseva Sahakari Bank Ltd.

Janata Sahakari Bank Pune

Karnataka Bank

Karur Vysya Bank

Kotak Mahindra Bank

NKGSB Co-operative Bank Ltd

Oriental Bank of Commerce

Punjab & Maharashtra Co-op Bank

Punjab & Sind Bank

Punjab National Bank

South Indian Bank

State Bank of Bikaner & Jaipur

State Bank of Hyderabad

State Bank of India

State Bank of Mysore

State Bank of Patiala

State Bank of Travancore

Syndicate Bank

Tamilnad Mercantile Bank

The Cosmos Co-operative Bank Ltd.

The Development Bank of Singapore Limited

The Dhanlaxmi Bank

The Dombivli Nagari Sahakari Bank Ltd.

The Federal Bank Limited

The Greater Bombay Co-operative Bank Ltd.

The Hong Kong & Shanghai Banking Corporation Ltd.

The Lakshmi Vilas Bank Ltd.

The Mehsana Urban Co-operative Bank Ltd.

The Nainital Bank ltd

The Saraswat Co-operative Bank Ltd.

The Thane Janata Sahakari Bank Ltd.

UCO Bank

Union Bank of India

United Bank of India

Vijaya Bank

Yes Bank Limited

GP Parsik Bank

Pandharpur Merchant Co-operative Bank

Maharashtra Grameen Bank

Pochampally Co-op Urban Bank Ltd.

Dr. Annasaheb Chougule Urban Co-op Bank Ltd.

Surat District Co-op Bank

Suco Souharda Sahakari Bank Ltd

Pune Peoples Co-Operative Bank

The National Co-operative Bank Ltd.

Kalupur Commercial Co-op Bank Ltd.

Parshwanath Co-operative Bank Ltd.

APNA Sahakari Bank Ltd

Jalore Nagrik Sahakari Bank Ltd.

Varachha Co-op Bank Ltd.

Thrissur District Central Co-op Bank Ltd.

Shivalik Mercantile Co-op Bank Ltd.

Bhartiya Mahila bank

Janata Co-op Bank, Malegaon

Shri Basaveshwar Sahakari Bank Niyamit, Bagalkot

The Shirpur Peoples’ Co-op Bank Ltd

The Municipal Co-operative Bank Ltd.

The Abhyudaya Co-operative Bank Ltd

The Gujarat State Co-op Bank Ltd.

Yadagiri Lakshmi Narasimha Swamy Co Op Urban Bank Ltd

Hutatma Sahakari Bank Ltd.

The Adarsh Urban Co-op. Bank Ltd., Hyderabad

The Hasti Co-op Bank Ltd.

The Mayani Urban Co-operative Bank Ltd

The Pandharpur Urban Co-op Bank Ltd.

Rajapur Urban Co-op Bank Ltd.

Ahmedabad District Central Co-op Bank Ltd.

Source: http://www.npci.org.in/impsmerpayp2p.aspx