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Product Details
Bank Name
Paytm Payment Bank
Account Name
Paytm Digital Savings Account
Account Type
Savings
Interest Rate
2% per annum, payable monthly effective
Free Debit Card
Free Virtual Debit Card
Account Opening Fees
zero
Annual Maintenance Fees
Nil
Minimum Account Balance
Nil
Debit Card Charges
• Rs. 250 for a issuance physical card.
• Annual Subcription fees: Rs 150 for physical card only
NEFT Charges
Free unlimited
IMPS Charges
Free Unlimited
Fees and Charges
Paytm Digital Savings Account
0
Special Features
Virtual Debit Card for Smooth Payments
Eligibility Criteria
•Resident of india and completed atleast age of 18 years.
•Minor (10 year -18 year old) is also eligible to open savings account.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
1. Zero Balance Account
2. Free Digital debit card
3. Zero account opening fees.
4. Zero FD breakage charges
5. Zero Deposit risks.
6. In-app offers and discount.
7. Zero paper work
8. Lifetime free account
9. Auto FD features & interest upto 6%
Cons
1. low interest rate 2.5%
2. maximum deposit limit Rs 2,00,000 only.
3. No loan services & credit card sevices.
Application Procedure
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Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
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