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What is Digital Bank Accounts: Perception Study about?

The document discusses digital bank accounts and payments banks. Digital bank accounts allow customers to perform all banking transactions digitally through internet and mobile applications without needing to visit branches. Payments banks are a special category of digital-only banks licensed by RBI to promote financial inclusion. Key features of digital accounts include zero balance accounts, virtual debit cards, funds transfer capabilities, and higher interest rates due to lower operating costs. The rise

Author

prateek

Language

EN