Paytm Payments Bank has become the partner with Induslnd Bank to bring in one-of-its-kind service to create a Fixed Deposit when the customer balance exceeds Rs 1 lakh at the end of the day.
Paytm Payments Bank users can redeem their deposits instantly, anytime without paying any pre-closure or miscellaneous charges and can earn up to 6.85% annual interest.
Furthermore, if a customer becomes a senior citizen before the maturity period, it will be auto-renewed under the senior citizen scheme, thus earning higher interest. This new offering – which provides hassle-free and paperless experience for Paytm Payments Bank customers, will help boost their savings and earnings potential.
The bank recently unveiled ‘Paytm Ka ATM’ outlets that allow customers to open Saving Accounts and deposit/withdraw money. These specially branded outlets will play a key role in bringing banking access to smaller cities and towns by ensuring customers find it easy to locate an access point near them.
Paytm Payments Bank offers these benefits to customers:
– No minimum balance requirement
– No charges on digital transactions
– Free digital Debit Card
– 4% interest on savings accounts
– Up to 6.85% annual interest on Fixed Deposits