Payments bank deposit limit doubled by RBI

[Bapun]

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.

Payments bank deposit limit doubled by RBI

Payments bank aims to further financial inclusion, especially through savings accounts and payments services.The central bank introduced payments banks in the country to enhance financial inclusion

www.livemint.com

 

[Abhi]

It's really a good move by RBI, paytm and airtel both are performing well in banking sector.