- The maximum balance limit for the end of the day is increased from Rs 1 lakh to Rs 2 lakhs.
- As per the 'Guidelines for Licensing of Payments Banks' which was issued on 27th Nov 2014, the payments banks were allowed to have the maximum balance of Rs 1 lakh per individual customer. But, the payment banks were asking for a hike in this deposit limit for a long time.
- Based upon the performance of payments banks, to expand their businesses, and to meet their customer needs, RBI has taken the decision to raise the limit to Rs 2 lakhs.
- Also recently, RBI has extended the National Electronic Funds Transfer (NEFT) and Real-Time Gross Settlement (RTGS) facilities to digital payments intermediaries which was earlier allowed to only banks.
- Static Part:
- HQ of RBI: Mumbai
- Governor of RBI: Shaktikanta Das
Question:
Q.1 RBI has raised the limit of maximum balance at the end of the day for payment banks from Rs 1 lakhs to Rs ____ per individual customer?
a. Rs 1.5 lakhs
b. Rs 2 lakhs
c. Rs 2.5 lakhs
d. Rs 3 lakhs
a. Rs 1.5 lakhs
b. Rs 2 lakhs
c. Rs 2.5 lakhs
d. Rs 3 lakhs