RBI vide its notification dt. 08.04.2021 has enhanced the limit of maximum balance per customer at the the end of the day to ₹ 2 Lakhs with immediate effect i.e. from 8th April, 2021.
Earlier, this limit was ₹ 1 Lakh as per Guidelines for Licensing of Payments Banks’ (Licensing Guidelines) dated November 27, 2014,
As per the said notification, the above limit has been enhanced after taking into consideration the progress made by PBs in furthering financial inclusion and with the objective of giving more flexibility to the PBs.
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