Which of the following activities can be undertaken by a payment bank in India, as per RBI guidelines? (i) Acceptance of demand deposits
(ii) Acceptance of time deposits
(iii) Issue of debit cards
(iv) Issue credit cards
Only (i) and (iii)
The correct answer is option 1. Payment banks in India are allowed to accept demand deposits and issue debit cards, but they cannot accept time deposits or issue credit cards.
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