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Amit Subramanium

Amit Subramanium

Asked on 20 December, 2018

When can I open a Paytm Payments Bank account again?

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Till now, there is no information on when the RBI will lift its restrictions on Paytm taking new customers for its bank or e-wallet. Till such time RBI issues a notice, we cannot provide you with a definitive answer.

Vibhore Das

Vibhore Das

Asked on 20 December, 2018

Will my Paytm wallet still work?

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Yes. While Paytm is not enrolling new customers owing to RBI restrictions, existing customers can avail of Paytm's e-wallet and banking facilities.

Aaradhya Sengupta

Aaradhya Sengupta

Asked on 20 December, 2018

How can I close my Paytm Payments Bank account?

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To close your Paytm Payments Bank account, log in to your Paytm Payments Bank account, head to '24x7 Help' under the 'Help and FAQ's' section. Once there, scroll down and tap on 'Message Us'. Then, tap on 'I want to close my savings account' to raise a request. Then Paytm will contact you, and will SMS you with a link to close your account.

Vishal Singh

Vishal Singh

Asked on 20 December, 2018

What interest rates does Paytm Payments Bank offer?

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Paytm Payments Bank offers an interest rate of 4% per annum on savings accounts, while it offers an interest rate of 8% per annum on fixed deposits. Fixed deposits are created automatically if the balance in your Paytm savings account exceeds Rs. 1 lakh.

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