Paytm Payments bank is finally open to all Paytm users! To know what payments banks are click here. In your paytm bank there is a ‘bank’ section. You can see it on the homepage on the app.
All that is required is a KYC, you can request this at your own home at your convenience. If you are already a KYC customer, you just need to set a pin.
Your phone number will be your account number and will be protected by a pin set by you.
What Paytm has to offer
You can easily transfer from wallet to bank account without any transaction charge whatsoever. At this juncture there are no transaction charges on any bank transactions.
We are the biggest payments platform in India. We have the highest number of saved cards and active customers.
After 1 lakh, your money is put in a fixed deposit. These are fluid and the amount will continuously shift to your account as balance moves below 1 lakh. The interest rate for the FDs is up to 7.09%.
At Paytm we want to offer you everything a bank can. We have already introduced a digital debit card that allows you to conduct all online transactions. We will soon be launching more exciting services that enhance your Paytm experience.
To answer any of your queries please go to http://www.paytmbank.com/faqs.html