Which of the following statements is/are correct?
I. In new Unified Payments Interface (UPI) based payment model/ money transfer is possible in send mode only.
II. There is a limit of Rs. 1 lakh per transaction through the UPI platform.
Which of the following statements is/are correct about BBPS?
I. The policy guidelines for the implementation of BBPS were issued by the Reserve Bank of India.
II. It offers interoperable bill payment ser- vice to customers.
Which of the following statements is/are correct about Unified Payment Interface?
I. It allows a customer to pay directly from a bank account to different merchants using IFSC code.
II. No charges are applicable for making fund transfer.