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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