1. Acceptance of demand deposits-Payments bank will initially be restricted to holding a maximum balance of Rs. 100,000 per individual customer. 2. Issuance of ATM/debit cards-Payments banks, however, cannot issue credit cards. 3. Payments and remittance services through various channels. 4. Business Correspondents (BC) of another bank, subject to the Reserve Bank guidelines on BCs. 5. Distribution of non-risk sharing simple financial products like mutual fund units and insurance products, etc. 6. The payments bank cannot undertake lending activities.