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Published in:

Volume 7 Issue 12
December-2020
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2012162


Registration ID:
304217

Page Number

1273-1276

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Title

Role of Payment Banks in Financial inclusion

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Abstract

Banking sector is one sector which has been performing really well after liberalization, and success can truly be associated with major banking reforms taken by RBI some major technological changes that have take place over years. Around 2 billion of world’s population has no access to various types of financial services which are provided by different financial institutions like Banks, Mutual funds etc. It is being generally discussed that as Banking services are good for common Man, the availability of Banking and payment services to the entire population without any discrimination is one of the important objective of financial inclusion. In the year of 2014, RBI introduced a new category of bank into the Indian financial system, namely Payment Banks. Payment banks are all about innovation. They use technology to provide you optimum and highly efficient banking services. The banks can accept restricted amount of deposits which is currently Rs.1 laks. per customers. This paper is focuses on the role of payment banks in financial inclusion.

Key Words

Payment banks, financial inclusion, M-Banking, IPPB, PMJDY

Cite This Article

"Role of Payment Banks in Financial inclusion", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 12, page no.1273-1276, December-2020, Available :http://www.jetir.org/papers/JETIR2012162.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Role of Payment Banks in Financial inclusion", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 12, page no. pp1273-1276, December-2020, Available at : http://www.jetir.org/papers/JETIR2012162.pdf

Publication Details

Published Paper ID: JETIR2012162
Registration ID: 304217
Published In: Volume 7 | Issue 12 | Year December-2020
DOI (Digital Object Identifier):
Page No: 1273-1276
Country: Idukki, Kerala, India .
Area: Commerce
ISSN Number: 2349-5162
Publisher: IJ Publication


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