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Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-4

  • question_answer
    As per guidelines for licensing payments, a payment bank will initially be restricted to holding a maximum balance of Rs. ____ per individual customer.

    A)  50,000

    B)  2,00,000

    C)  1,00,000

    D)  10,00,000

    E)  1,50,000

    Correct Answer: C

    Solution :

     As per the Guidelines for Licensing of Payments Banks, released by the RBI on 27 November 2014, Payments bank will initially be restricted to holding a maximum balance of Rs. 100,000 per individual customer. Payments banks aim to, further financial inclusion by providing (i) small savings accounts and (ii) payments/remittance services.


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