Which of the following is not true about Bharat Interface for Money (BHIM) app?
Answer: D
Bharat Interface for Money (BHIM) provides fast, secure, reliable medium to make digital payments through your mobile phone using UPI (Unified Payment Interface) platform via Mobile App and USSD (Unstructured Supplementary Service Data) platform via *99# service.
In a day (24 hours), a maximum of Rs 20,000 can be transferred, and a single transaction allows maximum of Rs 10,000 to be transferred.
BHIM framework allows its usage without internet also. – thorugh SMS – BHIM framework *99# works without internet.
The limit for USSD has currently been set at Rs. 5,000 per day.