Solution:Statements 1 and 2 are correct regarding e-RUPI prepaid digital vouchers.e-RUPI is a cashless and contactless instrument for digital payment developed by National Payments Corporation of India.
The Reserve Bank of India (RBI) has increased the maximum amount of e-RUPI from ₹ 10.000 currently to ₹ 1 lakh. It was further announced that the e-RUPI voucher can be used more than once until the amount is fully redeemed.
e-RUPI does not require the beneficiary to have a bank account, a major distinguishing feature as compared to other digital payment forms. It ensures an easy. contactless two-step redemption process that does not require sharing of personal details either.
Statement 3 is incorrect. One of the advantages is that e-RUPI is operable on basic phones also and hence it can be used by persons who do not own smartphones or in places that lack internet connection.