Paytm Payments Bank Start from 23 may, Interest Rate, Saving Accounts & How to Apply Online – Guide

Paytm Payments Bank –

What is Paytm Payments Bank and How to open/create an account online {Full Guide} : 


I’m in my previous post has to tell you, “What is Paytm Payment Bank ” But now i am going to tell you how you can create/open an account on Paytm Payment Bank and what will be the interest rate. So guys, keep reading this post till the last.

What is Paytm Payment Bank and When Will Start?

Paytm Payments Bank - How to open/create an account online {Full Guide}After the delay of several months of Paytment Bank of Paytm, it will now start from May 23. He has got final approval from the Reserve Bank for this. After the departure of Shinjini Kumar, digital payment and commerce company, Renu Satti has announced the appointment of new Chief Executive Officer.

Paytm said in a notice issued to the public, ” Paytm Payment Bank Limited (PPBL): The Reserve Bank has received the final license and it will be operational by May 2017. 23. ” The salesman of Paytm Said, the ” We have received recent Renu Satti approval from the Reserve Bank about to be made CEO. ” Renu came as an HR manager Paytm in 2006 and little time The company’s work in various departments. Recently he was working as a chief of the Cinema Ticket Vocal Vice President.

Paytm will transfer the entire turnover of your Wallet to PPBL. It involves people using 21.80 million mobile wallet. The payment was received by Indian resident Vijay Shekhar Sharma from the bank. The owner of Vijay Shekhar Sharma Paytm is the founder of Company One 97 Communications.

Must See – How to Open/Create an Account on Airtel Payment Bank {Full Guide}.

Paytm Payments Bank Details :-

Launch Date23rd May 2017
Account typeSaving
Interest Rate14.4%
Deposits Limit1 Lakh
AvailableUSSD & IVR Options

How to Open/Create an Paytm Payments Bank Account?

As I mentioned above, the Paytm Payments Bank has got RBI approval, all those who want to open their account in Paytm’s Payments Bank will have to wait till May 23. Because PAYTM’s payments bank will start completely from May 23. It is easy to create a Saving’s Bank account at Paytm Payment Bank. Just to prepare your KYC documents, start with Paytm Payments Bank.

How to Get Passbook, Cheque Book & Debit Card of Your Paytm Savings Bank Account?

After creating an account on Paytm Payment Bank, a banking kit will be sent to your address. This kit will have your debit card, internet banking user manual, passbook and check book. It may take up to 15 days to be sent to your address.

Paytm Payments Bank Interest Rate :-

Paytm’s bank savings accounts interest rate of 14.5% (percent) will, most bank like HDFC Bank, Axix Bank, ICICI Bank savings accounts are only 4% (Percent). Paytm Bank’s services can be accessed by All customers on their mobile phones through the Paytm App, through USSD by dialing *400#; or via a simple IVR by dialing 400. Beside that, Both the USSD & IVR options are available in Hindi and English language and work on simple feature phones as well.

Also See – (#3 Simple Steps) How to Create/ Open an Airtel Payment Bank Account.

It has been said that after May 23, the business of Paytm Wallet will go to PPBL. If a customer does not want this, then they have to inform the Paytm. Upon receipt of the notice, Paytm will transfer the balance in his wallet to the concerned customer’s bank account. Such information must be given before May 23.

In the event that there was no activity in the wallet during the last six months, in such situation, transfer to the PPBL will be done only after the special permission of the consumer. Paytm’s Payment Bank can accept deposits up to one lakh rupees per person from individuals and small businesses. Prior to this, the payment Paytm was discussed in the bank last year around Diwali.

Tags :- paytm payments bank account opening online, Interest rate, how to create saving account on PPBL.

Leave a Reply