New model of banks initiative by Reserve Bank of India
Part of a series on financial services
Banking
Types of banks
Advising
Banq
Bulge bracket
Central
Commercial
Community development
Cooperative
Credit union
Custodian
Depository
Development
Direct
Export credit agency
Investment
Industrial
Merchant
Middle market
Mutual savings
Neobank
Offshore
Participation
Payments
Postal savings
Private
Public
Retail
Savings
Savings and loan
Universal
Wholesale
Bank holding company
Lists of banks
Accounts · Cards
Accounts
Christmas club
Deposit
Money-market
Savings
Time deposit (Bond)
Transaction (checking / current)
Cards
ATM
Credit
Debit
Prepaid
Funds transfer
Cheque
Card
Electronic
Bill payment
Mobile
Wire
RTGS
NS
ACH
Instant payment
Giro
SWIFT
Correspondent account
CLS
CIPS
SPFS
BRICS PAY
Terms
Asset
allocation
management
Automated teller machine
Bad debt
Bank regulation
Bank secrecy
Asset growth
Capital asset
Cash
Climate finance
Corporate finance
Disinvestment
Diversification (finance)
Eco-investing
Economic bubble
Economic expansion
Enterprise value
Enterprise risk management
Environmental finance
ESG
Ethical banking
Financial
analysis
analyst
asset
economics
engineering
forecast
plan
planner
services
Fractional-reserve banking
Full-reserve banking
Fundamental analysis
Growth investing
Hedge (finance)
Impact investing
Investment advisory
Investment management
Islamic banking
Loan
Mathematical finance
Mobile banking
Money creation
Pension fund
Private banking
Sustainability
Sustainable finance
Speculation
Statistical finance
Strategic financial management
Stress test (financial)
Structured finance
Structured product
Toxic asset
Related topics
Asset pricing
Bond (finance)
Capital structure
Corporate finance
Cost of capital
Equity (finance)
Ethical banking
Exchange traded fund
Financial
law
market
participants
regulation
risk
system
History of banking
List of banks
Market risk
Personal finance
Public finance
Security (finance)
Shares
Sustainable development goals
Systematic risk
Systemic risk
Time value of money
Too big to fail
Too connected to fail
Watered stock
Category
Commons
Portal
v
t
e
Part of a series on
Finance
Markets
Assets
Asset (economics)
Bond
Asset growth
Capital asset
Commodity
Derivatives
Domains
Equity
Foreign exchange
Money
Over-the-counter
Private equity
Real estate
Spot
Stock
Participants
Angel investor
Bull (stock market speculator)
Financial planner
Investor
institutional
Retail
Speculator
Locations
Financial centres
Offshore financial centres
Conduit and sink OFCs
Instruments
Bond
Cash
Collateralised debt obligation
Credit default swap
Time deposit (certificate of deposit)
Credit line
Deposit
Derivative
Futures contract
Indemnity
Insurance
Letter of credit
Loan
Mortgage
Option (call
exotic
put)
Performance bonds
Repurchase agreement
Stock
Security
Syndicated loan
Synthetic CDO
Corporate
General
Accounting
Audit
Capital budgeting
Capital structure
Corporate finance
Credit rating agency
Enterprise risk management
Enterprise value
Risk management
Financial statements
Transactions
Leveraged buyout
Mergers and acquisitions
Structured finance
Venture capital
Taxation
Base erosion and profit shifting (BEPS)
Corporate tax haven
Tax inversion
Tax haven
Transfer pricing
Personal
Credit / Debt
Employment contract
Financial planning
Retirement
Student loan
Public
Government spending
Final consumption expenditure
Operations
Redistribution
Transfer payment
Government revenue
Taxation
Deficit spending
Budget (balance)
Debt
Non-tax revenue
Warrant of payment
Banking
Central bank
Deposit account
Fractional-reserve
Full-reserve
Investment banking
Loan
Money supply
Lists of banks
Bank regulation
Banking license
Basel Accords
Bank for International Settlements
Financial Stability Board
Deposit insurance
Separation of investment and retail banking
Regulation · Financial law
International Financial Reporting Standards
ISO 31000
Professional certification
Fund governance
Economic history
Private equity and venture capital
Recession
Stock market bubble
Stock market crash
Accounting scandals
Business and Economics portal
Money portal
v
t
e
Payments banks are a new model of banks, conceptualised by the Reserve Bank of India (RBI), which cannot issue credit. These banks can accept a restricted deposit, which is currently limited to ₹200,000 per customer and may be increased further.[1][2] These banks cannot issue loans and credit cards. Both current account and savings accounts can be operated by such banks. Payments banks can issue ATM cards or debit cards and provide online or mobile banking. Bharti Airtel set up India's first payments bank, Airtel Payments Bank.[3]
^"Operating Guidelines for Payments Banks" (PDF). Reserve Bank of India. October 6, 2016. Retrieved August 12, 2019.
^Ray, Anulekha (7 April 2021). "Payments bank deposit limit doubled by RBI". mint. Retrieved 16 April 2021.
^Jain, Upasana (23 November 2016). "Airtel launches India's first payments bank". livemint.com.
Paymentsbanks are a new model of banks, conceptualised by the Reserve Bank of India (RBI), which cannot issue credit. These banks can accept a restricted...
receive the PaymentsBank license from the Reserve Bank of India under Section 22 (1) of the Banking Regulation Act, 1949. Airtel PaymentsBank started with...
India Post PaymentsBank, abbreviated as IPPB, is a division of India Post that is under the ownership of the Department of Post, a department under the...
Jio PaymentsBank Limited is an Indian paymentsbank, it started operating in 2018 and is currently a subsidiary of Jio Financial Services, which was initially...
2021. "Jio PaymentsBank Limited". sbi.co.in. State Bank of India. 31 March 2021. Retrieved 4 November 2021. "India Gets Its Fourth PaymentsBank". BloombergQuint...
Unified Payments Interface, commonly referred to as UPI, is an Indian instant payment system as well as protocol developed by the National Payments Corporation...
The National Payments Corporation of India (NPCI) is an organization that operates retail payments and settlement systems in India. The organization is...
Bharti Airtel and Kotak Mahindra Bank started an 80:20 joint venture called Airtel PaymentsBank. In 2016, Kotak Mahindra Bank acquired BSS Microfinance for...
The Single Euro Payments Area (SEPA) is a payment integration initiative of the European Union for simplification of bank transfers denominated in euros...
MyClear and MEPS – Strengthening Malaysia's Payments Infrastructure to Accelerate Migration to E-Payments – Bank Negara Malaysia". www.bnm.gov.my. Retrieved...
Aditya Birla PaymentsBank Limited (ABPB) was a paymentsbank started as a joint venture by Aditya Birla Nuvo Ltd. and Idea Cellular. Launched on 22 February...
opening new bank accounts with zero balance. Paymentsbank is a new model of banks conceptualized by the Reserve Bank of India (RBI). These banks can accept...
the Agent General for Reparation Payments. On 20 May, the bank's shares were publicly issued.: 62-63 Reparation payments were first suspended for one year...
its associate banks (merged with SBI on 1 April 2017), SBI's non-banking subsidiaries include: SBI Capital Markets Ltd SBI Cards & Payments Services Pvt...
the average value of these payments. The ways these payments are made can be cumbersome, error prone, and expensive. Payments systems set up decades ago...
online services such as payments, digital accounts, instant loans, insurance, investments, and more. In December 2020, ICICI Bank introduced 'iMobile Pay'...
the customer's designated bank accounts, or through a credit account and make payments by electronic transfer with a payment terminal and access automated...
similar to the National Payments Corporation of India. On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever...
Shift4 Payments, Inc. is an American payment processing company based in Allentown, Pennsylvania. The company, founded in 1999 by the then 16-year-old...
point-of-sale terminal. Contactless payments are made in close physical proximity, unlike other types of mobile payments which use broad-area cellular or...
2018. "Yes Bank's turmoil leads to chaos in digital payments world". The New Indian Express. Retrieved 6 March 2020. "Digital Banking - Payment Solution...
In international economics, the balance of payments (also known as balance of international payments and abbreviated BOP or BoP) of a country is the difference...
not relied on SMS-based authentication as a payment mechanism, but remote payments such as bill payments, seat upgrades on flights, and membership or...
payments, such as credit card and debit card payments. PSPs act as intermediaries between those who make payments, i.e. consumers, and those who accept them...
had about 16.027 million customers at the end of June 2019. Airtel PaymentsBank was launched in January 2017. Airtel Business consists largely of six...
processing payments in April 1968. In the U.S. in the late 1960s, a group of banks in California sought a replacement for check payments. This led to...
Global Information
