CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Which of the following does not fall into the functions of Payments Banks?

A
acceptance of demand deposits
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
internet banking
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
remittance services
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
lending services
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
E
selling mutual funds, insurance and pension products
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is D lending services
Lending services do not fall into the functions of Payments Banks.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Banks and Their Functions
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon