'Paytm Payments Bank' to give free IMPS, NEFT, RTGS, UPI transactions

Finance Minister Arun Jaitley has launched the 'Paytm Payments Bank'.

Paytm is offering a lot of attractive services to the account holders.

Account holders will get benefits such as zero-balance account, free IMPS, NEFT, RTGS, UPI transactions.

The bank will also provide a complimentary virtual Rupay cards for online transactions. Paytm Payments Bank account holders earn an interest of 4 per cent on savings every month.

The account holders will also get a free insurance cover of up to Rs 2 lakh in case of death or permanent disability.

Paytm is planning to set up KYC - Know Your Customer across the country to ensure banking security.

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