Paytm was in bang from the day of demonetization became online transaction giant now,even a chaiwala using paytm for his payments.This is due to its reliability and pretty good service .Now paytm took another step and joined in banking sector and established paytm payments bank.In this article i will project you the reasons why you should join in this bank.
Paytm started its banking services from may 23 and decided to expand its banking services with 31 branches and 3000 customer service points in the first year bank will offer cashback of rupees 250 for depositing 25,000 in payments bank.
one97 communications founder vijay shekhar sharma personally hold 51% stake in this payments bank.payments bank which will be headed by renu satti as ceo
**This bank will offer zero bank balance accounts
**This bank will offer online transactions like IMPS,NEFT and RTGS
**All these online transactions are of free cost.
** This bank will offer interest of 4% per annum for savings account.
**This bank will accept rs 1 lakh per account.
** This bank will offer rupay debit cards which should be purchased .
**These debit cards have 5 free transactions per month.
How to Apply-
Paytm payments banks are currently issuing only through invitations,So goto paytm app or website and join invitation you will get your account soon.
FAQ’s- courtesy-paytm blog