2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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19
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21
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7
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23
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Detailed explanation-1: -Mumbai: National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments system in India is pleased to announce that Unified Payments Interface (UPI) is going live for customers with 21 banks.
Detailed explanation-2: -Further, India saw a total UPI transaction count of 7, 404.45 Cr in 2022, up 1.91X YoY. The number translates to nearly 2, 348 UPI transactions per second.
Detailed explanation-3: -The daily limit for UPI transfers is set at 20 transactions. After exceeding the limit, one must wait 24 hours before the limit can be renewed. However, the limit may vary depending on bank policies.
Detailed explanation-4: -According to NPCI data, approximately 74 billion transactions worth Rs 125.94 trillion were conducted using UPI in calendar year 2022. The platform handled more than 38 billion transactions totalling Rs 71.54 trillion in 2021.
Detailed explanation-5: -100, 000 per transaction and Rs. 100, 000 per day. If you’re a new user, you are allowed transactions of up to Rs.