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How does payment bank work?

By IndianMoney , 1 year ago

Payment banks offer a certain set of services. These are: *Accept demand deposits *Domestic and international remittances *Bill payments *Wage payments *Provide insurance, pension products and mutual funds. *Issue debit cards, internet banking facilities. Services excluded: *Do not issue loans or credit cards *Do not accept NRI deposits *Do not provide non banking financial services

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