Payment Bank

Some Types of Banks

  • Payment Banks- Paytm Payment Bank, Airtel Payment Bank.

  • Central Banks - Reserve banks of india(RBI).

  • Comercial Banks - SBI, HDFC Bank, ICICI Bank.

  • etc.

Payment Banks

Payment banks like any other banks, but oparating on a smaller scale.

In a simple words, it can carry out most banking operations but cannot provide loans and issue credit cards.

Payment banksHead Q.Launched
Paytem Payment BankNoidaMay 2017
Airtel Payment BankNew DelhiJanuary 2017, by Bharti Airtel
Fino Payment BankMumbaiApril 2017
India Post Payment BankNew DelhiSeptember 2018