The Reserve Bank of India (RBI) has decided to make Scheduled Payments Banks and Scheduled Small Finance Banks (SFBs) an agency bank. What is the maximum balance per account in Payments Banks?
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Q:
The Reserve Bank of India (RBI) has decided to make Scheduled Payments Banks and Scheduled Small Finance Banks (SFBs) an agency bank. What is the maximum balance per account in Payments Banks?
- 1Rs 1 lakhfalse
- 2Rs 1.5 lakhfalse
- 3Rs 2 lakhtrue
- 4Rs 2.5 lakhfalse
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