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India Post has received payments bank licence from the Reserve Bank of India. Consider the following statements regarding the Payment Banks:
1) India Post Payments Bank is the third entity to receive payments bank permit after Bharti Airtel and Paytm.
2) Payments banks can issue services like ATM cards, Credit cards, online banking and mobile banking.
3) Payments banks can issue loans also.
2) Payments banks can issue services like ATM cards, Credit cards, online banking and mobile banking.
3) Payments banks can issue loans also.
Choose the correct statement(s):
- a)Only 1
- b)1 and 3
- c)2 and 3
- d)1, 2 and 3
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
India Post has received payments bank licence from the Reserve Bank of...
Ministry of Communications & Information Technology recently launched the operations of the India Post Payments Bank (IPPB) as two pilot branches at Raipur and Ranchi. Financial Inclusion is critical for the socio-economic development of the country, but there are significant gaps in this area and a large proportion of country’s population remain unbanked or under banked.
India Post Payment Bank (IPPB) will effectively leverage the ubiquitous post office network with its pan-India physical presence, long experience in cash handling and savings mobilisation, backed by the ongoing project of IT-enablement, to bridge this gap in Financial Inclusion.
Payments banks are a new model of banks conceptualised by the Reserve Bank of India (RBI). These banks cannot issue loans and credit cards. Both current account and savings accounts can be operated by such banks. Payments banks can issue services like ATM cards, debit cards, online banking and mobile banking. India Post Payments Bank is the third entity to receive payments bank permit after Bharti Airtel and Paytm.
India Post Payment Bank (IPPB) will effectively leverage the ubiquitous post office network with its pan-India physical presence, long experience in cash handling and savings mobilisation, backed by the ongoing project of IT-enablement, to bridge this gap in Financial Inclusion.
Payments banks are a new model of banks conceptualised by the Reserve Bank of India (RBI). These banks cannot issue loans and credit cards. Both current account and savings accounts can be operated by such banks. Payments banks can issue services like ATM cards, debit cards, online banking and mobile banking. India Post Payments Bank is the third entity to receive payments bank permit after Bharti Airtel and Paytm.
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India Post has received payments bank licence from the Reserve Bank of India. Consider the following statements regarding the Payment Banks:1) India Post Payments Bank is the third entity to receive payments bank permit after Bharti Airtel and Paytm.2) Payments banks can issue services like ATM cards, Credit cards, online banking and mobile banking.3) Payments banks can issue loans also.Choose the correct statement(s):a)Only 1b)1 and 3c)2 and 3d)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?
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India Post has received payments bank licence from the Reserve Bank of India. Consider the following statements regarding the Payment Banks:1) India Post Payments Bank is the third entity to receive payments bank permit after Bharti Airtel and Paytm.2) Payments banks can issue services like ATM cards, Credit cards, online banking and mobile banking.3) Payments banks can issue loans also.Choose the correct statement(s):a)Only 1b)1 and 3c)2 and 3d)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about India Post has received payments bank licence from the Reserve Bank of India. Consider the following statements regarding the Payment Banks:1) India Post Payments Bank is the third entity to receive payments bank permit after Bharti Airtel and Paytm.2) Payments banks can issue services like ATM cards, Credit cards, online banking and mobile banking.3) Payments banks can issue loans also.Choose the correct statement(s):a)Only 1b)1 and 3c)2 and 3d)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for India Post has received payments bank licence from the Reserve Bank of India. Consider the following statements regarding the Payment Banks:1) India Post Payments Bank is the third entity to receive payments bank permit after Bharti Airtel and Paytm.2) Payments banks can issue services like ATM cards, Credit cards, online banking and mobile banking.3) Payments banks can issue loans also.Choose the correct statement(s):a)Only 1b)1 and 3c)2 and 3d)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?.
India Post has received payments bank licence from the Reserve Bank of India. Consider the following statements regarding the Payment Banks:1) India Post Payments Bank is the third entity to receive payments bank permit after Bharti Airtel and Paytm.2) Payments banks can issue services like ATM cards, Credit cards, online banking and mobile banking.3) Payments banks can issue loans also.Choose the correct statement(s):a)Only 1b)1 and 3c)2 and 3d)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about India Post has received payments bank licence from the Reserve Bank of India. Consider the following statements regarding the Payment Banks:1) India Post Payments Bank is the third entity to receive payments bank permit after Bharti Airtel and Paytm.2) Payments banks can issue services like ATM cards, Credit cards, online banking and mobile banking.3) Payments banks can issue loans also.Choose the correct statement(s):a)Only 1b)1 and 3c)2 and 3d)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for India Post has received payments bank licence from the Reserve Bank of India. Consider the following statements regarding the Payment Banks:1) India Post Payments Bank is the third entity to receive payments bank permit after Bharti Airtel and Paytm.2) Payments banks can issue services like ATM cards, Credit cards, online banking and mobile banking.3) Payments banks can issue loans also.Choose the correct statement(s):a)Only 1b)1 and 3c)2 and 3d)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?.
Solutions for India Post has received payments bank licence from the Reserve Bank of India. Consider the following statements regarding the Payment Banks:1) India Post Payments Bank is the third entity to receive payments bank permit after Bharti Airtel and Paytm.2) Payments banks can issue services like ATM cards, Credit cards, online banking and mobile banking.3) Payments banks can issue loans also.Choose the correct statement(s):a)Only 1b)1 and 3c)2 and 3d)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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India Post has received payments bank licence from the Reserve Bank of India. Consider the following statements regarding the Payment Banks:1) India Post Payments Bank is the third entity to receive payments bank permit after Bharti Airtel and Paytm.2) Payments banks can issue services like ATM cards, Credit cards, online banking and mobile banking.3) Payments banks can issue loans also.Choose the correct statement(s):a)Only 1b)1 and 3c)2 and 3d)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?, a detailed solution for India Post has received payments bank licence from the Reserve Bank of India. Consider the following statements regarding the Payment Banks:1) India Post Payments Bank is the third entity to receive payments bank permit after Bharti Airtel and Paytm.2) Payments banks can issue services like ATM cards, Credit cards, online banking and mobile banking.3) Payments banks can issue loans also.Choose the correct statement(s):a)Only 1b)1 and 3c)2 and 3d)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of India Post has received payments bank licence from the Reserve Bank of India. Consider the following statements regarding the Payment Banks:1) India Post Payments Bank is the third entity to receive payments bank permit after Bharti Airtel and Paytm.2) Payments banks can issue services like ATM cards, Credit cards, online banking and mobile banking.3) Payments banks can issue loans also.Choose the correct statement(s):a)Only 1b)1 and 3c)2 and 3d)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice India Post has received payments bank licence from the Reserve Bank of India. Consider the following statements regarding the Payment Banks:1) India Post Payments Bank is the third entity to receive payments bank permit after Bharti Airtel and Paytm.2) Payments banks can issue services like ATM cards, Credit cards, online banking and mobile banking.3) Payments banks can issue loans also.Choose the correct statement(s):a)Only 1b)1 and 3c)2 and 3d)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice UPSC tests.
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