17. More avenues have been provided for UCBs to earn fee based income.
Accordingly, UCBs are now allowed to undertake Point of Presence (PoP) Services under Pension Fund Regulatory and Development Authority (PFRDA), act as PAN Service Agent (PSA) for providing PAN Issuance Services to its Customers and issue “Semi-Closed Pre-paid Payment Instruments” permitting payment of utility bill / essential services up to a limit of ₹ 10,000/18.