CURRENT AFFAIRS

2022

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which bank was the biggest remitter of the UPI transaction amount in December 2021, as per the data by NPCI?

A	State Bank of India
B	HDFC Bank
C	Bank of Baroda
D	IndusInd Bank

Explanation:

Detailed explanation-1: -State Bank of India (SBI) topped the chart of being the biggest remitter in December 2021. The data was released by the National Payments Corporation of India (NPCI). Standard Chartered Bank had the highest approval rate of 96.74% in remittance of UPI transactions.

Detailed explanation-2: -UPI sees highest-ever 782 cr transactions worth a record Rs 12.82 lakh crore in December 2022. Unified Payments Interface (UPI) payments touched a record high of Rs 12.82 lakh crore in December, up from Rs 11.90 lakh crore in November.

Detailed explanation-3: -Paytm Payments Bank, which powers Paytm UPI, continues to lead UPI payments as the largest beneficiary bank and a leading remitter bank.

Detailed explanation-4: -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.

There is 1 question to complete.