Current Affairs · Banking and Technology
In May 2025, NPCI issued new UPI guidelines to enhance efficiency and reliability, effective from August 1, 2025. Which of the following statements is/are correct? 1. Guidelines mandate stronger real-time monitoring and failure reporting for technical declines by UPI apps and banks. 2. Stricter timelines set for failed transaction reversals to ensure faster customer refunds. 3. Unlimited daily UPI limits allowed without monitoring or bank responsibility for failures.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only 2
- 2Both 2 and 3
- 3Both 1 and 2✓
- 4Only 1
Correct answer
Both 1 and 2
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