CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank has introduced the EMI facility for UPI payments?
A
PNB
B
HDFC
C
ICICI
D
SBI
Explanation: 

Detailed explanation-1: -April 11, 2023. Mumbai: ICICI Bank today announced that it has introduced easy EMI facility for UPI payments made by scanning QR code. Customers eligible for PayLater, the Bank’s ‘buy now, pay later’ service can avail of the EMI facility in an instant, easy and seamless manner.

Detailed explanation-2: -ICICI Bank customers can use the UPI feature through the iMobile app and non-ICICI Bank customers can access the same through the Pockets app. In order to use UPI, you need to have a bank account in India with your mobile number linked to that bank account.

Detailed explanation-3: -Offer details: Everyday first 100 customers who are successful in doing one of their payments to a merchant using ICICI Bank UPI ID using iMobile during the offer period will be eligible for the voucher. A customer is eligible for maximum 1 voucher during the offer period.

Detailed explanation-4: -With UPI AutoPay, EMI payments ( loan, insurance, Mutual Fund) can be done without out missing the due dates and without setting reminders.

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