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Paytm payment bank partners with IndusInd to offer fixed deposit to customers


Paytm payment bank partners with IndusInd to offer fixed deposit to customers

New Delhi, Jan 8 (ANI): Paytm payment bank is all set to increase number of its loyal customers by providing fixed deposits. Paytm has agreed to invest Rs.

3,000 Crore in next three years in a bid to create 10,000 offline customers in partnership with IndusInd Bank. The facility will create fixed deposit when a customer's balance increases more than Rs 1,00,000.

With the facility, customers will be able to redeem their deposits instantly without miscellaneous charges and they can earn up to 6.85 percent interest on their deposits. If a customer becomes a senior citizen, the fixed deposit will automatically renew under senior citizen scheme.

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