Economics · Banking Sector
A Payments Bank differs from a traditional commercial bank in India primarily because a Payments Bank:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Can only accept deposits from institutional businesses and not from individual entities.
- 2Can offer all traditional banking services including corporate loans and large investments.
- 3Can accept demand deposits up to a specified limit per customer but cannot extend loans or credit cards.✓
- 4Can lend money through loans but cannot accept demand deposits.
Correct answer
Can accept demand deposits up to a specified limit per customer but cannot extend loans or credit cards.
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