2 payments banks promising 5% to 6% interest rates on savings accounts

Payment banks, according to the RBI, are the next step in financial inclusion since they offer small savings accounts and payments/remittance services to migrant workers, low-income households, small companies, other unorganised sector organisations, and other individuals.

from mint - Money https://ift.tt/cqQz9dy
https://ift.tt/26yscLK