Discussion
What is the maximum balance that any account of payments bank can hold?
Answer: C
Correct answer: Rs 2,00,000
The limit was raised from Rs 1 lakh to Rs 2 lakh with effect from April 2021, so older material still quotes the earlier figure.
The figure is a per-customer cap on the end-of-day balance, not a per-account one, so a customer with both a savings and a current account at the same payments bank is limited to Rs 2 lakh across the two.
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