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Answer : 3. "Issuing cfredit coards"
Which among the following activities are not permited to payments banks?
5Q:
Which among the following activities are not permited to payments banks?
- 1Remittance servicesfalse
- 2Issuing ATM Cardsfalse
- 3Issuing cfredit coardstrue
- 4Accepting demand depostisfalse
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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.