Paytm Payment Bank Start from 23 may, Interest Rate, Accounts, Apply Online (Full Details)

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Paytm Payments Bank :- India’s largest e wallet company Paytm now going to launched paytm payment bank. After paytm received the final approval from the Reserve Bank of India (RBI). Paytm is now all set to commence its payments bank start from May 23. After 23 may users can use paytm payment Bank. In Payments banks account can deposits customer up to Rs 1 lakh per. Along with If you deposit money in your saving account then you will get 14.5% interest rate per year.

Today Paytm announced to, Paytm Payments Bank Ltd (PPBL) has received the final licence from the RBI and its payments bank start from May 23. Vijay Shekhar Sharma said on twiter, Paytm ( PPBL ) to customer provide to 14.5% interest rate per year. For Paytm payment bank account, Users can apply online on paytm officially website paytm.com. Along with, Paytm customer In Payments banks account can deposits customer up to Rs 1 lakh per customer.

Must See – Breaking News, Paytm signs non-exclusive term sheet to acquire FreeCharge India.

After the government’s announcement of scrapping old Rs 500 and Rs 1,000 notes in November last year. For online transaction, First of all, airtel has launched First payment bank of India on 12 January. The account holders can keep maximum of Rs 1 lakh in their accounts which will get annual interest rate of 7.25 % on deposits. Along with, The company will charge 0.65% fees on withdrawals.

Paytm Payments Bank Details :-

  • Launch date           –      23 May 2017.
  • Account type          –      Saving.
  • Interest                  –     14.4%.
  • deposits limit          –     1 Lakh.

Also See – Paytm expected around 4.5 billion transactions in this year

Steps to Apply online for Paytm payment bank.

  1. First of all, Visit on Paytm website.
  2. Select Paytm payment bank and click it.
  3. Enter mobile number for get otp code.
  4. Now Enter OTP code and click on proceed button.
  5. Fill up all required details and Now click on done.
  6. Now open your airtel payment bank account.

Note :- After May 23, the Paytm wallets will move to PPBL. In case consumers do not wish for that, they have to inform Paytm before May 23.

Steps to get checkbook and debit card ?

For get checkbook and debit card, Visit on offline Paytm payment branch and get your PPBL checkbook and debit card. You can go to paytm.com to check your transactions status online too.