Question: Which of the following is the First-ever payment bank set up in India?
A Paytm payment bank
B Fino Payments Bank
C Airtel payment bank
D Jio Payments Bank
Answer: Airtel payment bank
| Parameter | Airtel Payments Bank | Paytm Payment Bank | Fino Payments Bank | Jio Payments Bank |
| Year of Establishment | 2016 | 2017 | 2017 | 2018 |
| Promoter | Bharti Airtel Ltd | Paytm | Fino Paytech Ltd | Reliance Industries Ltd |
| Headquarters | New Delhi, India | Noida, Uttar Pradesh | Mumbai, Maharashtra | Mumbai, Maharashtra |
| Services Offered | · Banking
· Digital Payments |
· Banking
· Wallet · Digital Payments |
· Banking
· Financial Services |
· Banking
· Financial Services |
| Network Coverage | Nationwide | Nationwide | Nationwide | Limited |
| Mobile App Availability | Yes | Yes | Yes | Yes |
| Interest Rates (Savings A/c) | Varies | Varies | Varies | Varies |
| Debit Card Offered | Yes | Yes | Yes | Yes |
| Customer Base (Approx.) | Millions | Millions | Millions | Not specified |
| Key Features | · Digital Savings
· Account Payments · Banking Services |
· Cash back offers
· UPI transactions · Mobile Recharges |
· Financial Inclusion
· Remittances · Bill Payments |
· Savings Account
· Bill Payments |