Which one of the following statements about Unified Payments Interface (UPI) and Central Bank Digital Currency (Digital Rupee) is NOT correct

(a)

UPI is a real-time payment system but Digital Rupee is akin to sovereign paper currency

(b)

In case of UPI, settlement for end users happens instantly; in case of Digital Rupee, wallet balance gets transferred to another wallet (no traditional settlement)

(c)

UPI transactions are recorded by banks and reflected in bank statements; in case of Digital Rupee, no data is captured in bank statements

(d)

In both the cases (UPI and Digital Rupee), the liability lies with the users and their respective banks