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.You need to login to perform this action.
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