Payment Banks is ‘doorstep banking’ loaded with futuristic amenities...
08 Mar 2017 Published by Rahul Verma 316 Views

The concept of ‘Payments Bank’ initiated by Reserve Bank of India (RBI) to cast away traditional banking is reality and reaching to customer through interactive and feasible mobile phones services. The Payment Banks can accept transfers through mobile phones and services like automatic payments, purchases will pave way for the step of ‘cashless transaction’. The step was taken to ease pressure on tradition banking structure and after demonatisation its role is becoming crucial...

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