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Answer

Correct Option is 500

RBI, Payments banks can apply for conversion into small finance banks (SFBs) after five years of successful operation.
The promoter of a payments bank is eligible to set up an SFB, provided that both banks come under the non-operating financial holding company (NOFHC) structure.
If SFB reached a net worth of ₹500 crores, they will be given Scheduled bank status.

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