Payments Bank: Latest News and Updates, Top Stories, Videos, Photos About Payments Bank

Paytm Advisory Committee Engages with Company on RBI Action

The advisory committee formed by Paytm owner One97 Communications is actively engaged with the company to address matters related to the Reserve Bank's action on its payments bank business....

Paytm Payments Bank Issue: Advisory Committee Yet to Engage Deeply

The advisory committee formed by Paytm's parent company, One97 Communications, is yet to have in-depth discussions with the company regarding the Reserve Bank of India's action on its payments bank business....

SBI To Reassess Payments Bank Partnership With Jio

The country's leading state-run lender State Bank of India shall re-evaluate its alliance with Jio for launching the Payments Bank. On the move, Dinesh Khara-the bank's Chairman told a leading daily, "Payment bank per se has undergone so many ...

Here's How You Can Apply For Paytm FASTag And Check FASTag Balance

One of the issuers of FASTag is India's own Paytm Payments Bank, which has issued over 1.24 crore of them so far, accounting for about 30% of the total issued in the nation. The big advantage Paytm has is that the ...

Airtel vs IPPB vs NSDL vs Fino: Interest Rates On Savings Account Compared

If you are new to personal finance management and need to save money to invest in an interest-bearing instrument, putting your money in a savings account is a smart option. The deposits in a savings account are covered by the DICGC, ...

Airtel Payments Bank Vs Paytm Payments Bank: Interest Rate And Benefits Compared

A payments bank is similar to a traditional bank, with exceptions. Payments banks operate on a smaller scale and do not take on any credit risk. They are differentiated and not universal banks. To put it another way, it can handle ...

Fixed Deposit with Paytm Payments Bank: Features, Benefits, and Procedure

In the last few years, there a new model of bank conceptualized in India by RBI. The new bank model is termed "Payments Bank". They are designed to fulfill payments needs. As of now, India has around 6 Payments Bank that ...

Difference Between Small Finance Banks and Payments Bank

In India, we come across different types of banks which are licensed by RBI for different purposes and for catering to different customers. Differentiated banks are financial institutions that cater to the demands of a certain demographic group. Differentiated banks in ...

Jio Payments Bank Charged Rs 1 Crore Fine By RBI Over Re-Appointment Of MD & CEO

On Wednesday, the Reserve Bank of India (RBI) imposed a monetary penalty of Rs 1 crore on Reliance Jio Payments Bank Limited for non-compliance with the central bank's directions on timely submission of application in the case of re-appointment of Managing ...

NEFT Now 24/7: You Will Be Able To Transfer Larger Sums Using Payment Apps

On 16 December, the Reserve Bank of India (RBI) made NEFT transfers available 24/7. The NEFT (National Electronic Funds Transfer) is a one-to-one nationwide fund transfer payment system that allows individuals to transfer money from one bank account of any bank ...

Paytm Payments Bank On Demand FD Scheme: Know Interest And Other Details

After RBI's recent rate cut of 25 basis point, apart from the commercial bank, new age Paytm Payments bank has also reduced interest rate on its savings account offering by 50 basis points to 3.5% from the earlier 4%. The new ...

Here's Why You Should Maintain Savings A/c At Payments Bank?

The savings bank account at a Payments Bank comes with its own set of advantages and disadvantages in comparison to a regular savings account with a scheduled commercial bank. And if you are one of those, who do not want to ...

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