Question
Payment Banks in India are prohibited from performing
which of the following activities?Solution
Payment Banks are restricted to hold a maximum balance of ₹1 lakh per individual customer. This limitation is imposed to ensure the safety of deposits and to prevent systemic risks.
More Banking System in India Questions
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Column A (Class) :
i. Chlorophyceae
ii. Phaeophyceae
iii. Rhodophyceae
iv. Cyanophyceae
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