Question Paper from: IBPS RRB PO Mains 2017

Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. Which of the following is not correct about UPI?

1:
Account details of the recipient
2:
Utility Bill Payments, Over the Counter Payments, Barcode (Scan and Pay) based payments.
3:
Merchant Payment with Single Application or In-App Payments.
4:
The best answer to Cash on Delivery hassle, running to an ATM or rendering exact amount.
5:
Immediate money transfer through mobile device round the clock 24*7 and 365 days.
Solution:
Chapter Name: Banking Awareness

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IBPS RRB PO Mains 2017

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