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Things to know about Payment banks

Things to know about Payment banks

Monday, February 27, 2017, 11:46 AM

You can make a maximum deposit of INR 1 Lakh with a payment bank. The payment bank pays you interest on the money you deposit with them, just like a savings bank account. A Payment bank helps you transfer and remit money using a mobile phone. A payment bank cannot offer the facility of loans and credit cards to customers.
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