Question

Which of the following CANNOT be undertaken as a

Q: Answer- Which of the following CANNOT be undertaken as a function by the India Post Payment Bank?

The India Post Payment Bank offers basic banking services acceptance of demand deposits, remittance services, internet banking and other specified services. It does not lending services. It can accept deposits up to Rs. 1 lakh per account from individuals and small businesses. It can issue ATMdebit cards but not credit cards. It can also issue other prepaid payment instruments. It can also distribute non-risk sharing simple financial products like mutual funds and insurance products.

function by the India Post Payment Bank?

A Sanctioning loan

B Funds remittance

C Issue of debit cards

D Issue of prepaid instruments

E Mutual funds distribution

Practice Next

More Insurance Awareness Questions

Which team won the 15th Hockey India Sub Junior Women National Championship 2025?
The headquarters of the World Trade Organization is located at:
How many medals did India win at the 2025 Asian Para-Badminton Championships in Thailand?
What is India’s estimated wheat output for 2024–25, as mentioned by the Union Food Ministry while reducing stock limits?
What is the primary focus of the 2025 SCO Energy Cooperation Program?
Which regulatory body recently organized a Conference on "Rating of Buildings or Areas for Digital Connectivity"?
Which state became the first to notify sub-categorisation of Scheduled Castes in 2025?
When will India launch the National Household Income Survey (NHIS), as announced by the NSO?
What was Andhra Pradesh’s score in the “State of India’s Environment 2025 in Figures” report?
Which country hosted the 25th Shanghai Cooperation Organisation (SCO) Summit 2025?

Which of the following CANNOT be undertaken as a

Solution