Jio Payments Bank commences operations from today
Jio Payments Bank has commenced operations with effect from April 3, the Reserve Bank of India has announced. Mukesh Ambani-led Reliance Industries was one of the 11 applicants which were given in-principle approval by the RBI for the setting up of a payments bank. Payments banks can accept a restricted deposit, which is currently limited to â¹1 lakh per customer.