Which of the following Payments Bank is the first one to start giving its services in India?

Paytm Payments Bank
India Post Payments Bank
Airtel Payments Bank
FINO Payments Bank

The correct answer is: A. Paytm Payments Bank

Paytm Payments Bank was the first payments bank to start giving its services in India. It was launched on 8 November 2017. The bank is a joint venture between One97 Communications Limited (the parent company of Paytm) and the State Bank of India.

Paytm Payments Bank offers a range of services, including savings accounts, current accounts, and remittance services. It also offers a number of digital financial services, such as mobile payments, online recharges, and bill payments.

The bank has over 100 million customers and has over 1 lakh branches and ATMs across India.

Here is a brief description of each option:

  • A. Paytm Payments Bank is a private sector payments bank in India. It was launched on 8 November 2017. The bank is a joint venture between One97 Communications Limited (the parent company of Paytm) and the State Bank of India.
  • B. India Post Payments Bank is a public sector payments bank in India. It was launched on 1 September 2017. The bank is a subsidiary d="M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube
of the Department of Posts of India.
  • C. Airtel Payments Bank is a private sector payments bank in India. It was launched on 19 November 2017. The bank is a joint venture between Bharti Airtel and Kotak Mahindra Bank.
  • D. FINO Payments Bank is a private sector payments bank in India. It was launched on 14 August 2017. The bank is a joint venture between FINO Paytech Limited and Centrum Financial Services Limited.
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