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Patym Payments Bank users now entitled to consumer beta, Digital RuPay card

ANI  |  New Delhi [India] 

payment platform Paytm's Payments account holders can now completely digitize their transactions, earn interest every month and get a free card.

Payments Banks are a set of differentiated banks introduced by the Reserve of (RBI) with the aim of extending deposit and payments services to millions of unbanked and under-banked Indians.

Opening a Paytm Payments account is easy and completely Every Paytm customer who has completed the Paytm KYC process can now have a consumer beta of bank account. Having a Paytm Payments Bank account comes with no account opening charges or minimum balance requirements.

Once the updated version of the app is downloaded using Google Play or Apple Store, users can tap on the 'Bank Account' icon on the home-screen, read the terms and conditions to open a Paytm Payments Bank account and click on 'Proceed'. Once completed, users must enter and confirm their Paytm Passcode.

In case the account status still shows 'Pending', users can tap on the 'Profile' icon and go to 'Edit Profile'. Upon entering the PAN Card and Aadhaar Number details, the bank account will be live.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, September 12 2017. 11:13 IST