Rs50/- Minimum Balance required...

ijsa

Regular
[OP]
Regulars
May 3, 2008
1,667
165

Bsnl Super User

Lost in Books
Regulars
Sep 22, 2015
477
81
Is it full-fledged bank like newcomer Bandhan bank or it's like wallet bank (Paytm, Airtel)
 


Sushubh

Administrator
Oct 29, 2004
416,886
12,928
Gurugram
payments bank. though india post already has some kind of bank accounts from my understanding. not sure how different they are from regular bank accounts. the new license is for payments bank where there are same restrictions of 1 lakh maximum balance i believe.
 

golang

Member
Jan 31, 2017
9
0
Need bitcoin to be popular in india. Lets forget banks, post office, they all need part of our money.
 

Sushubh

Administrator
Oct 29, 2004
416,886
12,928
Gurugram
so does the government which needs to regulate money otherwise there would be anarchy. bitcoin is already in india and is regulated by rbi rules i believe. you can own and trade in bitcoin legally. and also buy and sell stuff using it afaik.