Multiple choice

In April 2016, the RBI granted Airtel M Commerce Services, the first payments bank license. As per guidelines, payments banks will initially be restricted to holding a maximum balance of how much per customer?

  1. 50 thousand

  2. 75 thousand

  3. 1 lakh

  4. 1.25 lakh

  5. 1.50 lakh

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Correct answer is (3).