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Banking services from the digital payments company PTEM are available from today. Last Wednesday, the Reserve Bank of India issued the approval for the Payment Paid Bank of India. Since then, the services have been started by the PTEM. The first branch was opened in Dili. The company also announced interest rates and other rates in the bank.
Savings accounts have been declared annually at 4 per cent. Besides, there is no need to have minimum cash in the Payment Bank Savings Account. The account can be opened without any cash. In addition, the online payment transactions are available for free, PATM said in a statement. PayeeM also offers cashback facility on deposits. Customer Payments Opening Bank Account .. Rs. If you deposit 25 thousand, they will get Rs. 250 cashback comes.
Alibaba from China and Soap back of Japan. With its investment of 400 crore, PATM is taking its bank operations. "RBI is happy to permit new banking services in the world. We are guaranteed that my bank deposits are safe, "said Paytm Payments Bank Chairman Vijay Shekhar Sharma. PTM is trying to establish 31 branches in the first year. Shekhar Sharma said the target is to add 500 million customers by 2020.
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