Payment banks: Functions - General Economics & Indian Economy
Q. Which of the following statements is/are correct about payment banks?
1. Payment banks can raise deposits of upto Rs. 10 lakh
2. It also pay interest on these balances just like a savings bank account does.- Published on 01 Aug 15
a. Only 1
b. Only 2
ANSWER: Only 2
Payment banks can raise deposits of upto Rs. 1 lakh.