Introduction
Paytm is an E-Wallet most popular in India, used for petty payments to tuition fee, train ticket, flying ticket, etc. Recently before Diwali it introduced some new things in the app and it also make some deals with some other authorities to provide payment facilities. Paytm is continuously enhancing its payment area to provide uninterruptable banking service in India that’s why it is now open its own Bank. So, now it is not only an E-Wallet, it is a bank also.
New Paytm Payment Banks:Recently Paytm get license from RBI to run banks. Now Paytm has it’s own banking system with E-Wallet system. Paytm users can open a bank account in Paytm Banks by easily following these steps:
One user can open only a single account. There will be maintenance charge that you have to pay, it free of cost with zero balance policy. You will get a Virtual “Digital Rupay Card” which is linked to your Paytm wallet also you can see this in your Paytm Passbook. Yet Paytm don’t have physical card facility. Paytm provides you 4% interest per annum on your daily savings. Yet Paytm don’t providing Cheque and Demand Draft Facility.
Easy Money Transfer from Paytm Payment Bank to any Banks:
Before Paytm Banks transferring money from wallet to your any bank account takes a lot of time up to 1 week. But now it is get easier and fast. So to transfer your amt. to another bank you have to follow these simple steps: -
This will take up to 3 days and sometimes it will transfer money within a day. You can transfer your money fastly only after successfully opening a bank account in Paytm.
Send “Diwali ka Shagun” to your dear ones with “E-Lifafa”:
India has a culture of giving monetary gifts to dear ones in festivals enclosed with a paper called “Lifafa”. By keeping this point in mind Paytm launched “E-Lifafa” to pay gifts at through E-Wallet. It named as “Diwali ka Shagun” because it launched at the time of Diwali. Follow these steps to pay with E-Lifafa:
