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When can I open a Paytm Payments Bank account again?

Asked 2018-12-20 13:25:20 by Amit Subramanium

Answered by NewsBytes

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.

Will my Paytm wallet still work?

Asked 2018-12-20 13:25:20 by Vibhore Das

Answered by NewsBytes

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

How can I close my Paytm Payments Bank account?

Asked 2018-12-20 13:25:20 by Aaradhya Sengupta

Answered by NewsBytes

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.

What interest rates does Paytm Payments Bank offer?

Asked 2018-12-20 13:25:20 by Vishal Singh

Answered by NewsBytes

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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