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Home Questions & Answers Economics Banking Question Answers According to Reserve Bank of India (RBI) guidelines, payment banks are not permitted to : 

    According to Reserve Bank of India (RBI) guidelines, payment banks are not permitted to : 

  • set up branches/ATMs
  • undertake utility bill payment services
  • issue debit cards
  • distribute insurance/mutual fund/ pension products
  • undertake non-banking financial services through subsidies

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