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Is it good to have Paytm bank account?
While a lot of banks provide these services offline, a savings account with Paytm Payments Bank benefits users digitally. The account holders can make an unlimited number of transactions without incurring a daily transaction fee.
Is it safe to use Paytm payment bank?
When you open a savings account with Paytm Payments Bank, your money is completely safe as the bank doesn’t go beyond government securities and FDs . You can easily withdraw your money as and when you need.
How much money we can keep in Paytm payment bank?
Moreover, savings bank account holders can transfer up to Rs 10 lakhs to Paytm Payments Bank accounts instantly and 24X7, including Sundays and bank holidays.
What is the interest rate of Paytm payment bank?
Paytm Payments Bank Fixed Deposits Interest Rates 2021
| The interest rate with effect from 4th June 2021 | Less than 2 Crore (Domestic/ NRE/NRO/) NRE Deposit rates are applicable only for tenure of 1 year onwards |
|---|---|
| 5.50 | |
| 355 – 364 days | 6.00 |
| 1 to 9 months | 6.00 |
| 1.6 to 1.7 years | 6.00 |
What is the advantage of Paytm bank?
Paytm Payments Bank offers all the services which it does as a wallet, and additional features like: No minimum balance requirement. All digital transactions are free. 2.5\% Interest per annum on the money deposited in the Savings Account.
What are the benefits of Paytm Payments Bank?
Paytm Payments Bank offers a Savings Account with no account opening charges or minimum balance requirements. Keep upto Rs. 2 lac of deposits and enjoy benefits like: No account fees and charges Enjoy the convenience of banking on your phone and no charges for online transactions
What are the transaction charges for mobile banking on Paytm?
Zero Transaction Charges for mobile banking, net banking (neft/imps..) be it from paytm to paytm or from paytm to other banks. Mind you the other only 2 payment banks in India like the Airtel payment and India Posts Payments Bank charges you.
Are there any limitations to send money through Paytm?
Are there any limitations to Send money through Paytm? Only Full-KYC customer can transfer money to other Paytm user and in any bank account . You can send a maximum amount of Rs. 10,000 per month to any bank account or another Paytm user without adding the the receiver as beneficiary
How do I order a physical debit card through Paytm?
You can order a physical debit card through your Paytm App Open your Paytm Bank account today! Every Paytm Payments Bank account holder will be issued a free Digital Debit Card at the time of account opening. Account holders can request for a physical Debit Card through their Paytm App Make effortless payments as you go exploring the world!