What is the full form of UPI?

This question was previously asked in
Maharashtra Police Constable 2021 (Pune Rural) 02 April 2023 Official Paper
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  1. Unified Payments Interface
  2. Union Payments International
  3. Unified Payments of India
  4. None of these

Answer (Detailed Solution Below)

Option 1 : Unified Payments Interface
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Maharashtra Police Constable CT : General Awareness (Mock Test मॉक टेस्ट)
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Detailed Solution

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The correct answer is Unified Payments Interface

Key Points

  • Unified Payments Interface (UPI) is a cashless transaction system in which money can be instantly sent to users without the need to know their bank account details every time during the transaction.
  • Transactions through UPI does not require any credit or debit card as well.
  • The limit of daily UPI transaction is ₹1 lakh for an account.
Latest Maharashtra Police Constable Updates

Last updated on Jun 14, 2024

-> Maharashtra Police will soon release the notification for 1000 Maharashtra Police Constables for the year 2025.

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-> The Maharashtra Police Constable selection process will begin with a Physical Test, followed by a written examination.

-> The candidates must check the Maharashtra Police Constable Previous Years’ Paper to be aware of the questions asked in the examination.

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