Which of the following is not true about Bharat Interface for...

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Which of the following is not true about Bharat Interface for Money (BHIM) app?

A. BHIM is a digital payments solution app, for easy and quick transactions, based on the Unified Payments Interface (UPI) from the National Payments Corporation of India (NPCI)

B. Money can also be sent to non-UPI supported banks using IFSC code and account number

C. BHIM allows daily transaction limit of Rs. 20,000

D. Through BHIM app, a maximum of Rs. 5,000 is allowed per transaction

Answer: Option D

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