Get Your Paytm Payments Bank Account Now with Free ATM card and Unlimited Net Banking Facilities

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Get Your Paytm Payments Bank Account Now with Free ATM card and Unlimited Net Banking Facilities
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As you guys might have known Paytm Launched payments bank on 23rd May.Now You can also get its benefits too. Just follow the instructions below.

What is a payments bank?

Payments Bank is a new type of bank, licenced by the Reserve Bank of India. As a Payments Bank, Paytm can now accept customer deposits upto Rs. 1 lakh per customer in a wallet, savings or current account and offer other banking services like Debit Cards, Online Banking and Mobile Banking.

How is a payments bank different from a normal bank?

Payments Bank is a new form of bank approved by the Reserve Bank of India. As a Payments Bank, Paytm can now accept customer deposits upto Rs. 1 lakh per customer in a wallet, savings or current account and offer other banking services like Debit Cards, Online Banking and Mobile Banking. Paytm Payments Bank will also partner with other financial institutions to offer services like Insurance, Loans, Mutual Funds offered by our partners with the seamless Paytm experience. Payments Bank can not offer these financial products directly; therefore, we will act as a business correspondent for the other banks.

What are the services offered by paytm payments bank?

Paytm Payments Bank will continue to offer Paytm Wallet. In addition, Interest bearing Savings Account & Current Accounts for businesses will be offered by Bank along with Debit Card. It will also enable you to access a range of financial services such as Insurance, Loans, Mutual Funds offered by our partners with the seamless Paytm experience.

Is there a minimum balance requirement?

There is no minimum balance requirement for your Paytm Payments Bank savings account.
Read more FAQs Here.

A. Customer Service Information

  • 1. Paytm Payments Bank account can be opened only by a Resident Indian
  • 2. Paytm Payments Bank is allowed to hold a maximum balance of Rs.100,000/- per individual customer at the end of the day i.e. the combined balance of your wallet and savings accounts should not exceed Rs.100,000/- at the end of the day
  • 3. There is no minimum balance requirement to open an account with Paytm Payments Bank. Hence, you can open an account with us even with zero balance
  • 4. Paytm Payments Bank is not permitted to offer loans, overdrafts/advances against customer deposits, credit cards, term deposits, recurring deposits, PPF accounts, demat accounts etc. In case we offer such products, they will be powered by our partner institutions
  • 5. Nomination facility is available for all deposit accounts

You can get more information Here

How To Get Paytm Payments Bank Account ?

Paytm Payments Bank savings account is currently available only via invitation for a limited time and Invitations are open Now.

Go to This Link Here

In that page you will see a button as below. Click on it and Wait for your invitation

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