Consider the following statements regarding recent RBI updates on UPI123Pay and UPI Lite:
- The per-transaction limit for UPI123Pay was increased from ₹5,000 to ₹10,000.
- The per-transaction limit for UPI Lite has been raised to ₹1,000.
- RBI announced the introduction of a 'beneficiary account name look-up' feature for RTGS and NEFT to enhance security.
Which of the above statements is/are correct?
1
Only 1
2
Only 1 and 2
3
Only 1 and 3
4
Only 2 and 3
5
All 1, 2, and 3