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Railways PYQCBT 2 2017

RRB NTPC · Question 61

Which of the following activity is NOT allowed of Payment banks in India?

  1. Accepting deposit

  2. Offering remittance facility

  3. Distributing simple insurance products

  4. Lending money

Show answer & explanation

Answer: (D) Lending money

Explanation

Payments banks may accept deposits (up to a limit), offer remittances and sell simple insurance and mutual funds, but they cannot lend money or issue credit cards.