New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    IPPB (India Post Payment Bank) will provide all services

    EXCEPT? i. Deposits upto Rs. 1 lakh through current and savings account ii. Access to mutual funds, insurance and other third party products iii. Internet banking, mobile banking and other remittance services iv. Rupay enabled Kisan Credit Cards (KCC) to eligible farmers
    A Only i Correct Answer Incorrect Answer
    B Only i & ii Correct Answer Incorrect Answer
    C Only iii Correct Answer Incorrect Answer
    D Only iv Correct Answer Incorrect Answer
    E All of the above are offered Correct Answer Incorrect Answer

    Solution

    Payment banks are not allowed to do lending activities including credit card.

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