India Post Payments Bank, if so, the details thereon? Payment Banks are not allowed to undertake lending ambay forex directly.
Payment Banks can accept demand deposits only that is savings and current accounts and will initially be restricted to holding a maximum balance of Rs. The Payment Banks cannot set up subsidiaries to undertake non banking financial services activities. Yes Sir, many companies have approached the Department of Posts for collaboration with India Post Payments Bank. List companies keen to partner with India Post Payments Bank.
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