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Which of the following statements is/are correct about BHIM app?

I. The app is inter-operable with Unified Payment interface (UPI) but does not connect directly to your bank account.

II. There is limit of 50,000 rupees transaction in 24 hours.

III. It uses Immediate Payment Service (IMPS) system.

A)  II only

B)  I and III

C)  I, II and III

D)  II and III

E)  None of these