Paytm Payments Bank is Live – Open your account and Get Free Debit Card (Beta User)

Paytm Payments Bank is Live – Open your account and Get Free Debit Card ūüėõ Paytm Payments Banks Offers, Interest on Deposit money, Fee & Charges, Opening of Paytm Payments Bank account, Paytm Payments Bank Release Date. The parent company of Paytm announced that it plans to merge Paytm Wallet into¬†Paytm Payments Bank.

How to Open Your paytm payment bank account in Paytm App :-

1) Beta User Update the Paytm App

Note :- If You Aren’t PayTM App Beta User Then Just Go to Playstore >> Search Paytm App >> Scroll Down Below in PayTM App Page >> Join The Beta Program >>  Wait For Sometime >> You Will Become a Beta Tester Of PayTM App & You Will See The PayTM payment Bank Option

2) One the Paytm app on your device

3) You Will See The PayTM payment Bank Option

4) Now Just Click On it & Click On Proceed 

5) Enter Your 4 Digit Passcode For PayTM Payment Bank

6) Add A Nominee in Next Step

7) If You Are PayTM KYC User Then  Bingo !! You are Now PayTM Payment Bank User

8) You Will See The PayTM Rupay Virtual Debit Card There , You Can Use it On Every Shopping Sites

9)¬†If You are¬†Not PayTM KYC User Then¬†, Select¬†Address¬†,¬†Put Your 16 Digit Aadhaar Number & Name¬†‚Äď You have to¬†Verify Your KYC¬†Details First To Start Using The PayTM Payment Bank Services

Futures And Benefit of Paytm Payment Bank Account :-

Paytm Bank account type :- Savings Account

Minimum Balance РRs 1

Maximum Balance РRs100000 (1 Lakh)

Interest Rate Р4% per year,
payable monthly

Online Funds Transfer :-

  • Paytm Payments¬†Bank account¬†or Paytmwallet – Free
  • IMPS – Free
  • UPI – Free
  • NEFT – Free

Debit card and Cheque book :-

  • Rupay Debit Card – Free
  • Annual subscription for¬†physical Rupay Debit¬†Card –¬†Rs 100+ delivery charges
  • Lost card replacement –¬†Rs 100+ delivery charges
  • Cheque book (10 leaves) –¬†Rs 100+ delivery charges

Terms & Conditions:-

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 1,00,000/- per individual customer at the end of the day i.e. the combined balance of your wallet and savings accounts should not exceed Rs 1,00,000/- 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

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