2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank has expanded the scope of UPI by allowing pre-approved credit lines using UPI?
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RBI
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PNB
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BOB
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Canara Bank
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Explanation:
Detailed explanation-1: -The Reserve Bank of India (RBI) has expanded the scope of the ubiquitous UPI by permitting pre-approved credit lines to be drawn through the facility.
Detailed explanation-2: -ICICI Bank has introduced EMI facility for UPI payments made by scanning QR codes. The newly launched PayLater EMI facility for UPI payments can be availed for purchasing electronic items, groceries, and apparel. It can also be used for travel and hotel bookings.
Detailed explanation-3: -3. What is the maximum limit of UPI transactions? Per the NPCI guidelines, the maximum amount of money that can be transferred in one UPI transaction is Rs. 1 lakh for P2P transfers and most merchant payments.
There is 1 question to complete.