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Question Paper from: SBI PO Mains 2017

Consider the following statements regarding Payment Banks:

A) Payment Banks can't advance loans or issue credit cards.

B) Payment Banks can accept demand deposits up to Rs 5 lakh.

C) Payment Banks offer remittance services,mobile payments/transfers/purchases.

D) Payment Banks offer banking services like ATM/debit cards, net banking and third party fund transfers

Which of the above options are correct:

A, C and D only

B, C and D only

A and D only

All of the above

Only A & B

Solution:

Chapter Name: Banking Awareness

This has been asked in Question Paper

SBI PO Mains 2017

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