Paytm Payments Bank Interest Rate 4% on Savings Account

paytm payments bank interest rate

Paytm Bank interest Rate, Paytm Payments Bank Interest Rate: As we all know paytm will launch their banks on 23rd May, although it is a virtual bank but they are giving away huge interests on deposits. In this paytm payments bank, you will also get a virtual debit card and cheque book. Paytm just released a statement that they are offering 4% interest on Savings account. This is pretty good because there is no minimum amount limit in paytm payments bank account and the maximum limit has been set to 1 lac. Here are the complete details on the paytm payments bank interest rate.

Read Now: Paytm Wallet vs Paytm Payments Bank Account Full Details

Paytm Payments Bank Interest Rate:

As mentioned earlier paytm offering 4% as their paytm payments bank interest rate. The bank is targeting 500 million users into their database. They are planning to launch 31 branches with 3000 customer service points for e-KYC activation. After jio trend is over now paytm is all set to target Indian market from a different route. In case if you want to open paytm payments bank account just read this article and you can also convert your paytm wallet to Paytm Payments bank.

Launch Date23rd May
Maximum Limit 1 lac
Account Type Savings
Transaction Free Zero Charges
Interest Rate 4%
Maximum No. of Transactions 5 per a Day

Paytm Payments Bank ATM Charges:

Paytm bank is all set to give away virtual debit cards, where you can use them as ATM to withdraw money at any time. But there is a little twist at max you can do 5 transactions per a day. Either it’s a transaction from the bank account or withdrawing money by using Paytm Payments bank debit card. After 5 transactions your next ATM withdrawal transaction will be fined with 20 Rs. Read this article to find out about Paytm Payments bank offers and promo codes.

You May Like: How To Convert Paytm Wallet to Paytm Payments Bank Account

Payment Bank Interest Rates:

Before Paytm payment bank airtel already introduced the similar thing, in airtel payments bank they have given up to 7.5% interest. Where user needs to deposit a minimum of 1 lac at a time to get 7.5% interest. The starting interest is from 4%, here are the airtel payments bank interest rate details.

Airtel Payments Bank Deposit AmountInterest Rate
Up to 25,000 4.5%
25,000 to 50,000 Rs 5%
50,000 Rs to 1 lac 5.5%
Above 1 lac Up to 7.5%

Paytm Payments bank interest rate is 4% which is very less compared to airtel payments bank, although there is no official confirmation. So just stay tuned to this page to get more updated on the paytm payments bank interest rate.

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