Current Affairs · Banking and Digital Payments
What is the key feature of the Unified Payments Interface (UPI) developed by NP&CllI?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Requires offline cash settlement
- 2Enables instant real-time inter-bank fund transfers✓
- 3Charges high transaction fees per payment
- 4Processes payments through delayed batch settlement
Correct answer
Enables instant real-time inter-bank fund transfers
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