Small payments bank can allow customers to keep 0.2M balance: RBI

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Small payments bank can allow customers to keep 0.2M balance: RBI

timestampApr 07, 2021 authorAlShorts Web Desk

Reserve Bank of India during the Monetary Policy Committee (MPC) announcement said small payment banks can now allow individual customers to keep 0.2 million balance. The maximum limit was increased to expand the payment banks' ability to cater to the growing needs of customers. Banks and customers can begin the limit expansion from Thursday onwards.

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