Payment Banks

Payments banks is a new model of banks conceptualised by the Reserve Bank of India (RBI). These banks can accept a restricted deposit, which is currently limited to ₹1 lakh per customer and may be increased further. These banks cannot issue loans and credit cards. Both current account and savings accounts can be operated by such banks. Payments banks can issue services like ATM cards, debit cards, net-banking and mobile-banking.

ARYU has launched India's Seventh live payments bank, it also provide the services like UPI payment, netbanking, Imps, Neft etc. The current account and savings accounts can also be operated by Aryu banks. Aryu banks can issue services like ATM cards, debit cards, net-banking and mobile-banking.