Question
 The Payment Banks in India cannot?
Solution
Payments banks is an Indian new model of banks conceptualized by the Reserve Bank of India. These banks can accept a restricted deposit, which is currently limited to ₹200,000 per customer. These banks cannot issue loans and credit cards.Â
What is the extended timeline for the Payments Infrastructure Development Fund ( PIDF ) scheme announced by the Reserve Bank of India ( RBI ) ?
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As per the terms specified, the interest rate applicable to an Overdraft (OD) beyond WMA will be:
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Which of the following statements is/are correct?
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