As per guidelines of the RBI payments banks can accept demand deposits savings and current up to a m...........

Current GK (IBPS-CL) Banking Awareness

As per guidelines of the RBI, payments banks can accept demand deposits (savings and current) up to a maximum of _______________ per customer.

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Rs 1,00,000

Rs 2,00,000

Rs 50,000

Rs 5,00,000

Rs 10,000

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Explanation:

Correct Option is 1: 1,00,000

As per guidelines of the RBI, payments banks can accept demand deposits - saving and current -up to a maximum of Rs. 1 lakh per customer. To overcome this restriction of holding a maximum balance of Rs 1 lakh per customer, payments banks have entered into tie-ups with mainline banks so that balances over Rs. 1 lakh can be converted into fixed deposits with the latter.