2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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April
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May
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February
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March
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Detailed explanation-1: -NPCI and the ecosystem comprising of leading banks and fintechs will observe February 1-7 as ‘UPI Safety and Awareness Week’ and the whole of February as ‘UPI Safety and Awareness Month’.
Detailed explanation-2: -With the above context in mind, NPCI conducted a pilot launch with 21 member banks. The pilot launch was on 11th April 2016 by Dr. Raghuram G Rajan, Governor, RBI at Mumbai. Banks have started to upload their UPI enabled Apps on Google Play store from 25th August, 2016 onwards.
Detailed explanation-3: -The National Payments Corporation of India (NPCI) may implement its proposed 31 December 2022 deadline to limit the volume cap for the Third-Party UPI App Providers (TPAP). If the NPCI implements its proposal, people cannot make unlimited transactions through Google Pay, PhonePe or other UPI applications.
Detailed explanation-4: -The theme selected for current year FLW is “Go Digital, Go Secure” which will be observed between February 14-18, 2022. This theme is one of the strategic objectives of the National Strategy for Financial Education 2020-2025.
Detailed explanation-5: -The service was officially launched on 20 September 2022. On 7 December 2022, RBI announced that UPI will upgrade from single-block-single to single-block-multiple debit for recurring transactions and investments in securities. The feature will help the user block funds for specific purpose and release it when needed.