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How does UPI simplify fund transfers between banks in India?
  • a)
    By requiring extensive account details for transactions
  • b)
    By utilizing IFSC codes for every transfer
  • c)
    By allowing users to access multiple bank accounts through a single mobile application
  • d)
    By restricting transactions to specific bank branches
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
How does UPI simplify fund transfers between banks in India?a) By requ...
UPI simplifies fund transfers between banks in India by allowing users to access multiple bank accounts through a single mobile application. This streamlined process eliminates the need for detailed account information, making transactions more convenient and efficient for individuals conducting financial transfers.
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How does UPI simplify fund transfers between banks in India?a) By requiring extensive account details for transactionsb) By utilizing IFSC codes for every transferc) By allowing users to access multiple bank accounts through a single mobile applicationd) By restricting transactions to specific bank branchesCorrect answer is option 'C'. Can you explain this answer?
Question Description
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