GK Question

technology medium true_false

UPI transactions can be reversed by the sender after successful completion.

  1. True
  2. False

Answer: False

UPI transactions are instant and irrevocable once completed. Senders must verify recipient details before confirming. For erroneous transactions, users must contact recipient for refund or raise dispute with bank/NPCI. Always double-check VPA/amount before sending money via UPI.

Topic Digital Payments
Exam Relevance Banking, SSC, Railway