Tata DoCoMo launches 3G services in Maharashtra with speeds up to 21.1 mbps and HD voice calling. They announced affordable plans priced between Rs. 750 to Rs. 2000 with various call minutes. Vodafone is in talks with foreign banks for a counter guarantee of Rs. 8500 crore as most Indian banks don't want to increase lending to the telecom sector. The NPCI launched an instant mobile fund transfer service called IMPS that allows customers to transfer money between banks through their mobile phones. Six banks have already signed up for the service.