Paytm Payments Bank Launch Offers & Promo Codes

Paytm Payments Bank

Paytm Payments Bank can Accept Deposits restricted to Rs 1 lakh Per Customer, they can be used for Either as Current Accounts or Saving Accounts. Everything You Need to Know about Payments Banks Offers, Interest on Deposit Money, Transaction 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. One97 Communication soon to Transfer Paytm Wallet into Paytm Payment Bank. Paytm Wallet Business will be Started to Transfer on Paytm Payment Bank.

Steps to Open Paytm Savings Bank Account:

1. Visit Paytm Bank Invite Page Here

2. Login/Signup into your Paytm Account.

3. Click on “Request an Invite”.

4.Paytm will Contact you Soon for further Process.

Paytm Savings Account Joining Offers on Deposit Money:

First One Million Customers to open a Payments Bank account and Reach a Deposit Rs 25,000 will Get a Cashback of Rs. 250 Instantly. This Cashback Offer is Valid 4 times Per User.

Paytm Payments Banks Fee, Charges for Savings Account:
DESCRIPTIONFEE & CHARGES
Minimum account
balance
Nil
Interest rate4% per year,
payable monthly
Online Funds Transfer
To another Paytm
Payments Bank
account or Paytm
wallet
Free unlimited
IMPSFree unlimited
UPIFree unlimited
NEFTFree unlimited
Debit Card and
Cheque Book
Rupay Debit CardFree
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
ATM Transactions
Non-metro locations5 free every month;
post thatCash withdrawal: Rs 20/txn
Balance check,Mini statement: Rs 5/txn
Metro locations3 free every month;
post thatCash withdrawal Rs 20/txnBalance check, Mini statement Rs 5/txn
Statements & Certificates
Online passbookFree
Email statementsFree
Physical statements/
certificates
Rs 50+ delivery charges
Free for Women,
Senior Citizens
and Armed
Forces Personnel
Time Norms
for Transactions
Mobile Banking24 hrs
IMPS24 hrs
UPI24 hrs
NEFT8:00 AM – 6:30 PM
Terms & Conditions:

1. Paytm Payments Bank Account can be Opened only by a Resident of India.

2. Paytm Payments Bank is Allowed to hold a Maximum Balance of Rs 1,00,000/- Per Individual Customer.

3. No Minimum Balance Requirement to Open an Account. Hence, you can Open an Account 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, Demand Accounts.

Frequently Asked Question about Paytm Payments Banks:

Q1. What happens to my Current Paytm Wallet?

A. It will be transferred to the Paytm Payments Bank Limited.

Q2. What happens to my Money in the Paytm Wallet?

A. Your Money is Absolutely safe in the Paytm Wallet. If you have any balance in your current Paytm Wallet, it will Reflect in your New Paytm Payments Bank Wallet.

Q3. Can I move my Money to any other Bank from Paytm Payments Bank Wallet?

A. Yes, you would be able to send money to any Bank Account from your Paytm Payment Bank Wallet.

Q4. Will I Get a Bank Account Number, Cheque Book, Debit Card?

A. Only if you opt to Open an Account with the New Paytm Payments Bank of the company. Otherwise, your wallet will keep working as it is. You will Earn Interest on your Money if you Choose to Open a Paytm Payments Bank Account.

Q5. Can I opt out?

A. In case you Choose not to continue to Enjoy the Benefits of your Paytm Wallet, email Paytm at [email protected] or log in to Paytm.com/care to notify your Choice of Opting Out.

Q6. Do I have to Pay any Charges for this Transfer?

A. You do not have to Pay any Charges or fees for this Transfer.

Paytm Payment Bank – What Will Happen to your Paytm Wallet:

Your Paytm Wallet will now be a part of Paytm Payment Bank. As per Paytm Public Statement, the current Paytm Wallet Owner (User) can login into Paytm Account and Transfer their existing Balance to their Bank Accounts by providing their Account Details.

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