Question

Which of the following is a benefit of UPI?

• A. Requires sharing of sensitive bank account and IFSC details for every transaction
• B. Only operates during banking hours
• C. Enables instant money transfers 24/7/365
• D. Limited to peer-to-peer transfers only

Answer 1

Answer:

C. Enables instant money transfers 24/7/365

The primary benefit of UPI (Unified Payments Interface) is that it enables instant money transfers 24/7/365 (24 hours a day, 7 days a week, all year round).

UPI transactions are processed in real-time, meaning the money moves from the sender's bank account to the recipient's bank account almost instantaneously. This service is available round-the-clock, including weekends and holidays, unlike older banking transfer methods that had limited operating hours. This constant availability makes it ideal for immediate, everyday payments.