5 things to know before you use a payment bank – The Economic Times

The Reserve Bank of India has given out 11 payment bank licences. To make the most of these banks, it is essential you know what they bring to the table.

Interest rate on deposits
Payment banks offer enhanced services compared to a digital wallet, but are not in the same league as the traditional banks. Before you opt for their services, take a look at the rate of interest being offered by them.

via payment banks: 5 things to know before you use a payment bank

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