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What is difference between Paymenta bank and small finance bank?

By IndianMoney , 6 months ago

Difference between payments bank and small finance bank: 1 One such difference is that a payments bank has a limit of 1 lakh on deposit per account where as small finance banks do not have limit. 2. Payments banks cannot lend, while small finance banks can give loans. 3. These banks are also allowed to distribute third-party products such as mutual funds, insurance and pension products.

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