Which of the following statements about the new UPI transaction guidelines is/are correct?

  1. The UPI transaction limit is raised to ₹5 lakh for payments like tax, hospital bills, educational fees, IPO investments, and RBI retail direct schemes.

  2. Individuals are charged a fee of up to 1.1% for all UPI personal transactions.

  3. The maximum number of UPI transactions allowed per day is limited to 20.

1
1 and 3 only
2
1 and 2 only
3
2 and 3 only
4
1 only
5
2 only

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