Hello everyone, in this article today we will know how to Open Paytm Payment Bank account?
In this post, you will know what is Paytm payment bank and what are the benefits of opening an account in it. As you know that Paytm has changed all its Paytm wallets into payment bank but you must be wondering what will happen with this? Now Paytm will also give you all the same services that you get in a savings bank account like interest on deposits, ATM card, facility to send money to any bank account, etc.
Short description of Paytm Bank –
As you know Paytm is an e-commerce payment system and digital wallet company. It was founded by Vijay Shekhar Sharma in 2010. Earlier we could use Paytm just like an e-wallet. The Paytm was licensed by the Reserve Bank of India for the payment bank in August 2015 and was launched in November 2014. It plans to open 10,000 banking outlets by the end of 2014.
What is Paytm Payment Bank?
Paytm Payment Bank is a digital banking system which is completely online, you can use it only with the help of your smartphone. The Reserve Bank of India has also recognized such a bank, so it is trustworthy and safe. You can keep a maximum of 1 lakh rupees in this account. The Paytm bank also gives rupee ATM card to its customers from which you can withdraw money from any ATM.
Benefits of opening an account with Paytm Payment Bank –
Paytm payment bank gives 6% interest on the deposit amount, while the rest of the banks pay less than this.
Paytm also gives you a rupee debit / ATM card from which you can withdraw money from any ATM.
You can also pay on online shopping sites with Paytm Payment Bank.
Mobile / dth recharge, electricity bill, ticket book etc. can work
Through this, you can send money to any bank account.
How to open an account with Paytm Payment Bank
You can also open an account in Paytm Payment Bank with zero amount. Follow the steps given below to open an account with Paytm Payment Bank.
First of all download and install the Paytm app on your phone.
Login by entering your mobile number and password.
Now go to profile and click on my saving account and complete all the steps. Your account is ready.
Verify your account by entering Aadhaar and PAN card number, without this you will not be able to use your account.