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Q:

Which among the following activities are not permited to payments banks?

  • 1
    Remittance services
  • 2
    Issuing ATM Cards
  • 3
    Issuing cfredit coards
  • 4
    Accepting demand depostis
  • Show Answer
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Answer : 3. "Issuing cfredit coards"
Explanation :

Activities That Cannot Be Undertaken By Payment BanksPayment banks cannot issue credit cards. It cannot accept time deposits or NRI deposits. It cannot issue loans. It cannot set up subsidiaries to undertake non-banking financial activities.

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