SarkariPYQ

SSC CHSL 2020 PYQ — Question 26

SSC CHSL - 20th October 2020 - Shift 2 • General Awareness • Q26

Back to paper

As of January 2020, what was the upper limit of fund transfer using Unified Payments Interface (UPI)?

Show answer & explanation

Correct answer: D

Explanation

The correct answer is option 4 i.e ₹1 lakh.

  • The NPCI has set a transaction limit and per day transaction limit for UPI transfers. At present, the UPI transfer limit per UPI transaction is ₹1 Lakh.
  • This limit is enabled as UPI is based on IMPS technology.