Which of the following statement/s is/are correct regarding payments banks?
1. Payments banks can accept deposits up to Rs. 5 lakhs under savings and current accounts.
2. Payments banks can issue both credit and debit cards.
A. 1 is correct
B. 2 is correct
C. 1 and 2 is correct
D. Neither 1 nor 2 is correct
Answer: Option D
This Question Belongs to Commerce >> Banking And Financial Institutions
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