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.
Important Questions from Payment and Small Finance Banks
In which of the following cities is the corporate office of North East Small Finance Bank located?
Under which scheme are collateral free loans of up to ₹10 Lakh extended by the Member Lending Institutions (MLIs) in India?
The 'Make in India' initiative primarily focuses on which sector?
The real name of Babur, the founder of Mughal dynasty in India was:
In relation to payment banks, which of the following statements is INCORRECT?
