Question

span >Immediate Payment Service is an instant payment inter-bank electronic funds transfer system in India. Mark the correct option/s for IMPS.

A RBI increased the Immediate Payment Service transaction limit from Rs 2 lakhs to 5 lakhs.
B IMPS is managed by the National Payments Corporation of India (NPCI).
C Bank account nos. are necessarily required for IMPS fund transfer.
D Only a and b
E All a, b, and c are correct.
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