Payment banks

Presented by
-Shadmani
-Ankit
-Sameer
 Introduction
A payments bank is like any other bank, but
operating on a smaller scale without
involving any credit risk.
 In simple words, it can carry out most
banking operations but can’t advance loans
or issue credit cards.
 It can accept demand deposits (up to Rs 1
lakh), offer remittance services, mobile
payments/transfers/purchases and other
 Features of Payment banks
 Accepts deposit but only upto1lakh from
customers.
 Only issue debit card or ATM but not credit card.
 Authorized to open both current and savings
account.
 Cannot provide loans.
 Can not accept deposit from NRIs, means people
of Indian origin who have settle abroad can not
deposit their money.
 Banks will have to deposit the amount in the
form of CRR.
 Provide facility of bill payment to its customer
and general public.
 These banks can not open subsidiaries to
undertake non banking financial services
activities.
 Can become representatives of any other
bank but have to comply with RBI guidelines.
 Must have the words “Payment Bank” in their
name.
 Can accept remittances to be sent to or
receive remittances from multiple
banks through payment mechanism
approved by RBI, such as RTGS / NEFT /
IMPS.
 Allowed to provide internet banking and
mobile banking facility to their customers.
 Payments Banks will have to invest
minimum 75% of its demand deposits in
government treasury/securities bills with
maturity up to one year and hold maximum
Objectives of Payment banks
 Low-income household.
 Migrant labour workforce.
 Small business.
 Unorganized sector.
 To provide saving accounts to those who are
not able to create a savings account as they
are afraid to pay heavy maintenance.
 List of payment banks
 Aditya Birla Payment Bank
 Airtel Payment Bank
 Indian Post Payment Bank
 Fino Payment Bank
 Jio Paytm Payment Bank
 Paytm Payment Bank
 NSDL Payment Bank
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