Monday, 22 May 2017

Paytm Payments Bank to Launch in Noida: Here is All You Should Know

Digital payments player Paytm will go live with its Payments Bank in Noida today.

This would also be the maiden physical branch of Paytm Payments Bank.

Reports suggest that Paytm Payments Bank will offer four percent interest on savings accounts deposits.

Paytm has been quoted as saying that the first one million customers to open a Payments Bank account and reach a deposit ₹25,000 will get a cashback of ₹250 instantly. The statement added that account will feature zero balance requirement and every online transaction would be free of cost.

The company’s statement read: We are delighted to let you know that we have received the final licence for Paytm Payments Bank from RBI and are in the process of launching on 23 May, 2017. Renu Satti will be the CEO of Paytm Payments Bank.”


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