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Capital Requirements for Obtaining Payment Bank License in India The applicant company must have a minimum paid up equity of Rs 100 crore to start payment in India; In India, a payment bank is required to maintain a minimum CAR (Capital Adequacy Ratio) of 15 percent of its total RWA (Risk Weighted Assets).

Submission of Application Form 1 as set out in the First Schedule. The application should be addressed to the Director, Banking and Payment Services of the Central Bank of Kenya. This application should be accompanied by a sworn affidavit, in line with the Annex 1 template in the NPS Regulations 2014.

What is the Minimum Paid-up Capital required to get a Payments Bank License? As per RBI, the minimum capital requirement to open a payment bank is 100 crores.

Process of Obtaining Payment Bank License In the first step, there is a need for the applicant to get a Public Limited Company registered under the provisions of the Companies Act 2013; Now, file an application for authorisation to the CGM (Chief General Manager) of the Apex Bank to issue the Payment Bank License;

Documents Required for Obtaining a Payment Gateway License Certificate of incorporation of Company received from Registrar of Companies (ROC). PAN Card or Address proof of the Directors. DSC and DIN of the directors. Address proof of the place of business. Details of the Bank Account of the Company.

Minimum Paid-up Capital Needed for Getting a Payment Bank License. The minimum required paid-up equity capital for opening a payment bank ing to RBI is Rs 100 crore. Also, for the first five years of commencement of establishment, the promoter must contribute at least 40% of the paid up equity capital.

The Reserve Bank of India issues the Payment Bank License as per Section 22 of the Banking Regulation Act, 1949.