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The extant “Guidelines for Licensing of Payments Banks” issued on November 27, 2014, allow payments banks to hold a maximum balance of ₹ 1 lakh per individual customer. Based on a review of performance of payments banks and with a view to encourage their efforts for financial inclusion and to expand their ability to cater to the needs of their customers, including MSMEs, small traders and merchants, RBI has been decided to enhance the limit of maximum balance at end of the day from ₹1 lakh to ₹2 lakh per individual customer.

Today, RBI issued official notification vide RBI/2021-22/20 DoR.LIC.REC.5/16.13.218/2021-22 Enhancement of limit of maximum balance per customer at end of the day from ₹1 lakh to ₹2 lakh – Payments Banks (PBs)

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