Paytm Payments Banking Corporation Launched – Of Import Details To Know

Vijay Shekhar Sharma-led digital wallet Paytm today launched its Payments Bank operations inwards Delhi-NCR. With this, in that place are 3 payments banks at nowadays inwards India, including Airtel Payments Bank Ltd in addition to Bharat Post Payments Bank Ltd. Paytm received licence from the RBI to opened upwards payments banking concern inwards 2015 in addition to was scheduled to commence operations unopen to Diwali terminal year, but got delayed past times several months. Here are some of import points y’all should know most Paytm Payments Bank.

Important Points most Paytm Payments Bank :

  • The banking concern volition offering iv per cent involvement per annum on deposits. Rival payments banks Airtel in addition to Bharat Post offering higher involvement rates at 7.25 per cent in addition to at 4.5-5.5 per cent respectively.
  • The showtime 1 1000000 customers to opened upwards an line of piece of job organisation human relationship alongside Paytm Payments Bank in addition to make a deposit of Rs 25,000 volition larn a cashback of Rs 250 instantly.
  • Paytm Payments Bank accounts volition initially endure available on an invite-only basis. In the showtime phase, the fellowship volition curl out its beta banking app for its employees in addition to associates.
  • Paytm Payments Bank volition offering aught residue accounts in addition to all online transactions via channels similar IMPS, RTGS, in addition to NEFT volition endure free.
  • Paytm Payments Bank tin convey Rs 1 lakh per account, equally per RBI (Reserve Bank of India) guidelines for payment banks. A payments banking concern cannot lend or plough over advance to customers. It tin upshot banking concern agree books in addition to debit cards but non credit cards.
  • Paytm volition offering virtual Rupay debit cards to customers instantly in addition to physical carte on asking for withdrawing cash from whatever ATM inwards the country.
  • If y’all are an existing Paytm user your coin volition endure transferred to the Paytm Payments Bank Limited equally the wallet line of piece of job organisation volition buy the farm piece of job of the novel company. It volition tumble out automatically, in addition to y’all ask non produce anything.
  • The initiative branch of Paytm Payments banking concern opens inwards the National Capital percentage of Delhi inwards Noida on Tuesday. The fellowship has a target of acquiring 500 1000000 customers past times 2020.
  • Paytm Payments Bank volition larn Rs 400 crore inwards investment inwards the showtime ii years of operation. One97 Communications founder Vijay Shekhar Sharma owns a 51 per cent stake inwards the payments bank, equally per regulatory requirements, alongside the remaining stake owned past times One97 Communications. Sharma in addition to One97 get got together invested most Rs 220 crore inwards the payments banking concern in addition to then far.
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