'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.