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As per guidelines of the RBI, payments banks can accept demand deposits (saving and current) up to a maximum of how much amount per customer?A. Rs. 100000B. Rs 200000C. Rs. 50000D. Rs 500000 |
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Answer» Correct Answer - A As per guidelines of the RBI, payments banks can accept demand deposits - saving and current -up to a maximum of Rs. 1 lakh per customer. To overcome this restriction of holding a maximum balance of Rs 1 lakh per customer, payments banks have entered into tie-ups with mainline banks so that balances over Rs. 1 lakh can be converted into fixed deposits with the latter. |
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