Mr. Satish Gupta, MD & CEO of Paytm Payments Bank Ltd said, "The decision by the Reserve Bank of India to increase the limit on maximum end-of-day balance to ₹2 lakh for Payments Banks account holders is a welcome step and will enable us to cater to the growing needs of our customers. Similarly, the increase in the current limit on the outstanding balance in full KYC PPIs from ₹1 lakh to ₹2 lakh will incentivize migration to full KYC PPIs which will further bring financial inclusion across the country. We support an open and interoperable digital payments ecosystem and are looking forward to the detailed guidelines on this subject."
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