The RBI will allow payment banks to hold Rs 2 lakh as end day balance as opposed to Rs 1 lakh earlier. This has been done to further financial inclusion and to expand the ability of payments banks to cater to the growing needs of their customers.
Furthermore, the governor in his statement said, since migration towards interoperability has not been significant, hence the RBI has proposed to make interoperability mandatory for full-KYC PPIs and for all payment acceptance infrastructure. And, in order to incentivize them to migrate to full KYC, the RBI has increased the current limit on the outstanding balance in such PPIs from Rs 1 lakh to Rs 2 lakh
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