Question

Which of the following is NOT correct about IMPS ( Immediate Payment Service) ?
i. It is available 24x7x365 including on holiday
ii. This service is managed by RBI
iii. Credit and debit confirmations is sent to the sender and receiver of funds
iv. It provides simple to use and instant fund transfer mechanism

A Only i
B Only i & ii
C Only ii
D Only iii
E Only i & iii
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