Which of the following is not true about Unified Payments Interface (UPI)?
1
UPI is an instant payment system developed by the National Payments Corporation of India (NPCI).
2
Through UPI, all payments are instant and takes place in banking hours.
3
Under UPI person will have a single identity and password for using multiple bank accounts.
4
UPI is based on the Immediate Payment Services (IMPS) infrastructure.
5
All of the above are correct.