"Must Read" Paytm Bank : India's First Bank With Never Before Features
You Must Be Knowing Paytm Is Starting Their Bank Services Where They Are Offering Users To Get Rs. 1000 Cashback [250 X 4] For Deposits Of Rs. 25000 & Above. You Can Deposit Rs. 25000 & Get Rs. 250 Cashback [Do It 4 Times & Get Rs. 1000 Cashback.]
What Benefits You Will Get In Paytm Bank [India's First Bank With These Offers]
- No Minimum Balance Required
- Free Virtual Card
- Zero Fee On Online Transactions
What happens to Paytm balance?
Paytm wallet will continue to be a wallet solely even after the bank is launched. Customers can keep a cash balance in it as well as continue to transacting using the e-wallet.
While the wallet will become a part of the bank, it will not accrue any interest unlike money in the bank account. If customers wish to open an account with the Paytm Bank, they will have to complete all normal formalities.
Will customers have to switch to Paytm Bank?
Existing customers will be transferred to the Paytm Payments Bank automatically post the launch. Making the switch is not optional.
How to open a new account?
Customers can log on to www.paytmpaymentsbank.com or download the iOS app to get an invitation for account opening. Customers will need to submit e-KYC (Know your customer) documents.
Is it possible to transfer money to other accounts?
Yes, it is possible to transfer money. However, this facility will not be available to customers who only operate an e-wallet.
What is the annual interest on your deposits?
Paytm is offering a 4 percent annual interest rate and cash-backs on deposits. In comparison to other payments banks, this is the lowest – Airtel offers 7.3 percent while India Post has 5.5 percent interest rate annually.
The first million customers to open accounts with Rs 25,000 deposits will get cash back of Rs 250 instantly.
But, customers can open a zero-balance account, too. Online transactions will not charged.
Can I close my Paytm bank account?
In case, a customer wishes to withdraw or discontinue, their e-wallet will have to be closed.
They can easily close the bank account by sending an email to Paytm’s helpdesk – help@paytm.com. They will also have to give their account number and IFSC code for branch. The balance in the e-wallet will be then transferred to the customer’s alternative account.
Will the bank offer card services?
Paytm will issue debit cards in partnership with RuPay cards for an annual fee of Rs 100. First five ATM transactions will be free in non-metro cities per month. Post that, customers will be charged Rs 20 per ATM withdrawals.
If You Don't Have Paytm Wallet You Can Request Now From The Link Below
Paytm Payments Bank is currently available only via invitation.
Posted on 23/05/2017