Payments banks is a new model of banks conceptualised by the Re... - dofaq.co
payments bank

Payments banks is a new model of banks conceptualised by the Re...

wikipedia - 20 Aug 2015
Payments banks is a new model of banks conceptualised by the Reserve Bank of India (RBI). These banks can accept a restricted deposit, which is currently limited to ₹1 lakh per customer and may be increased further. These banks cannot issue loans and credit cards. Both current account and savings accounts can be operated by such banks. Payments banks can issue services like ATM cards, debit cards, net-banking and mobile-banking. Airtel has launched India's first live payments bank. Paytm is the secon

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