The scope of the activities permitted for the Payment Banks included: a)  Acceptance of demand deposits.
Payments bank will initially be restricted to holding a maximum balance of ₹ 100,000 per individual customer  b)  Issuance of ATM / debit cards  c)  Payments and remittance services through various channels  d)  BC of another bank and  e)  Distribution of non-risk sharing simple financial products like mutual fund units and insurance products, etc. 21.