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Answer : 2. "200000"
What is the maximum amount of balance that can be maintained by an individual in a payments bank?
5Q:
What is the maximum amount of balance that can be maintained by an individual in a payments bank?
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- 2200000true
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Answer : 2. "200000"
Explanation :
The central bank introduced payments banks in the country to enhance financial inclusion. In a bid to promote digital payments banks in the country, the Reserve Bank of India (RBI) on Wednesday announced that it has increased the maximum end of day balance for payment banks to ₹2 lakh. Earlier, the limit was ₹1 lakh.