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Pravin Kumar

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· 1 Months ago

option B (Question: 408233.0 )

maximum amount bank can hold for per customer is 1 lakh
refer:
https://www.indiapost.gov.in/VAS/DOP_PDFFiles/IPPBScheduleofCharges.pdf

Question:

Which of the following statements is/are correct about Payment bank?

1. Payment bank will have to keep CRR (Cash reserve ratio) just like other Scheduled commercial banks.

2. The highest balance a bank can hold per customer Rs 50,000.

3. The Reserve Bank of India (RBI) recently gave a license to India Post to function as a payments bank.

Options:
A)

Only 1

B)

Only 2

C)

Only 3

D)

All above 

E)

None of these

Solution:

All above is correct about Payments Banks.

  

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