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      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).

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