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    3. Finance and Management
    4. Financial Inclusion
    5. What is the maximum amount of deposits that can be accepted by Payment Banks?

    Question

    What is the maximum amount of deposits that can be

    accepted by Payment Banks?
    A Rs.50000 Correct Answer Incorrect Answer
    B Rs.1 lakh Correct Answer Incorrect Answer
    C Rs.1.5 lakh Correct Answer Incorrect Answer
    D Rs.2 lakh Correct Answer Incorrect Answer
    E Payment banks cannot accept deposits Correct Answer Incorrect Answer

    Solution

    The maximum balance a customer can hold in a Payment Bank at the end of the day is  ₹2 lakh  from April 8, 2021 (raised from Rs.1 lakh previously).

    Practice Next
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