Payments banks are a new model of banks conceptualized by the Reserve Bank of India (RBI). These banks can accept a restricted deposit which is currently limited to INR 1 lakh per customer account. How much amount minimum capital has requirement for Payments banks? (SBI 2016)

Payments banks are a new model of banks conceptualized by the Reserve

1.	Payments banks are a new model of banks conceptualized by the Reserve Bank of India (RBI). These banks can accept a restricted deposit which is currently limited to INR 1 lakh per customer account. How much amount minimum capital has requirement for Payments banks? (SBI 2016)
A.	Rs. 1 crore
B.	Rs. 50 crore
C.	Rs. 1000 crore
D.	Rs. 500 crore
E.	Rs. 100 crore
Answer» F.

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Payments banks are a new model of banks conceptualized by the Reserve Bank of India (RBI). These banks can accept a restricted deposit which is currently limited to INR 1 lakh per customer account. How much amount minimum capital has requirement for Payments banks? (SBI 2016)

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