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Consider the following statements regarding Unified Payments Interface:

1. Reserve Bank Governor Raghuram Rajan has launched the Unified Payments Interface.

2. It is a channel that powers multiple bank accounts into a single mobile application (of any bank)of a participating bank.

3. The interface is the advanced version of NPCI’s Immediate Payment Service (IMPS) which is a 24*5*300 funds transfer service.

Which of the above statements are correct?


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