India is now an emerging economic power with the potential to rank among the top 5 major nations of the 21st century. India is one of the fastest growing economies in the world alongside China. For economic development, it is necessary to invest savings significantly in order to maximize their potential and ensure opportunity gains by reinvesting in the economy. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original Essay During the main incorporation period, various distinctive channels came into being. Microfinance Foundations (MFIs), Business Journalists (BCs) and Prepaid Instrument Providers (PPIs) have become a scaffold among banks and have recently included the population by providing minimum administrative efforts at the customers' doorsteps. Telecommunications organizations also spend minimal effort on settlement offices using their systems. A common element in each of these models is that they finance their operations either from value or from borrowing from banks. The next period of the process is to consolidate the effectiveness of the different channels with ease. A payments bank can perform all of the elements of a regular bank outside of loan administration. Thus, it will recognize stores, pay bills, acknowledge receipt of checks and drafts, but will not lend. They can hold a sum of up to Rs. 9,999. 1 lakh and can open and operate branches and ATMs. They are relied upon to accommodate transient workers, low-wage family units and independent businesses by offering bank account and settlement services with low foreign exchange costs. This is what a payments bank will be. The main capability will be to recognize individuals' stores which will be fully secured by store protection and place the returns in government securities, thus protecting them from any credit chance. So far, the Indian savings segment has been very focused, with toughened crossing limits. Perhaps the time has come to abandon this cautious approach and adopt a more liberal strategy if the goal is comprehensive development. Payment banks are disrupting India's money-related biological system through new money saving channels and inventive products that were not common before and how they have possessed the capacity to re-monetize India and get the economy back on track. One of the main thoughts would be how financially practical wandering would be without granting credit and simply accepting deposits. A literature review was carried out by referring to previous studies, articles and books to know the areas of study and analyze the gaps or studies. not done so far. Various studies have been conducted on the e-commerce sector, the challenges and problems faced by it in India. Srinivas, G. (2017), “Financial Inclusion-Role of Payment Banks in India” attempted to focus on m-Banking, Department of Posts, Pradhan Mantri Jan-Dhan Yojana and India Post Payments Banks. Similarly, Goel and Manrai (2016) discuss the regulatory framework for payments banks in India. They also evaluate electronic and mobile banking experiences in other developing countries. In a similar effort, Gupta (2016) outlined the regulatory structure of payment banks in India and discussed case studies of selected payment banks. Goel (2015) discussed the need for banks to.