Can I read Payment Bank License Guidelines in India on EtoBox?

Payment Bank License Guidelines in India by Dr. Prafulla Ranjan is a document available to read on EtoBox.

What is Payment Bank License Guidelines in India about?

To obtain a payment bank license, an applicant must register as a public limited company under the Companies Act 2013 and apply to the Reserve Bank of India using Form III. An External Advisory Committee will assess applications and make recommendations to the RBI, who will make the final decision. If approved, the bank must be set up within 18 months of receiving an in-principle approval. A payment bank allows activities like accepting deposits up to Rs. 1 lakh, issuing debit cards, and providing payment/r

Author

Dr. Prafulla Ranjan

Language

EN