BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
UPI-PIN (UPI Personal Identification Number) is a____digit pass code you create/set during first time registration with this App.
A
6-8 digits
B
2-4 digits
C
7-9 digits
D
4-6 digits
Explanation: 

Detailed explanation-1: -Your UPI PIN is the number you enter whenever you add a new payment account or make a transaction. You’ll be asked to set a UPI PIN when you first add a bank account. If you already have a UPI PIN for your bank account, you can use the same UPI PIN on Google Pay.

Detailed explanation-2: -What is UPI PIN? A UPI PIN is a password that must be provided by the user to authorize a transaction made through UPI. It is a unique, 4 or 6 digit passcode that a user can create according to his/her choice.

Detailed explanation-3: -To carry out UPI transactions with utmost safety and security, users need to create a 4 or 6-digit UPI PIN which ensures the transactions are being held by authentic users. Paytm UPI payments enable fast, secure, and real-time transactions. You can create or change your UPI PIN on Paytm in an effortless manner.

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