Questions

Damdamaa reservoir in Sohna, district in the Indian state of Haryana. It is one of the biggest lakes in Haryana and with an area of 3,000 acres. Damdama Lake was formed when a stone and earthen dam constructed by the British was commissioned for rain water harvesting in 1947. 

As per guidelines of the RBI, payments banks can accept demand deposits – savings and current – up to a maximum of ?1 lakh per customer. To overcome this restriction of holding a maximum balance of ?1 lakh per customer, payments banks have entered into tie-ups with mainline banks so that balances over ?1 lakh can be converted into fixed deposits with the latter.