2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Lakshmi Vilas Bank
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City Union Bank
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Kotak Mahindra Bank
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ICICI Bank
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Detailed explanation-1: -Kotak Mahindra Bank Becomes the First Lender To impose charges on UPI transactions, namely, Paytm, Google Pay, PhonePe.
Detailed explanation-2: -Nil charges up to 1 transaction per month and subsequent transactions will be charged Rs. 10/-per transaction.
Detailed explanation-3: -Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments Corporation of India (NPCI). The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. It is used on mobile devices to instantly transfer funds between two bank accounts.
Detailed explanation-4: -Pioneered and developed by National Payments Corporation of India (NPCI), BHIM has been conceived and launched by the Hon’ble Prime Minister of India, Narendra Modi on 30th December 2016 to bring in Financial Inclusion to the nation and a digitally empowered society.