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Product Details
Bank Name

Paytm Payment Bank

Account Name

Account Type

Savings

Interest Rate

2% per annum, payable monthly effective

Free Debit Card

Free Virtual Debit Card

Paytm Digital Savings Account
Account Opening Fees

zero

Annual Maintenance Fees

Nil

Minimum Account Balance

Nil

Debit Card Charges

• Rs. 250 for a issuance physical card.
• Annual Subcription fees: Rs 150 for physical card only

NEFT Charges

Free unlimited

IMPS Charges

Free Unlimited

Fees and Charges
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Paytm Digital Savings Account

Special Features
Virtual Debit Card for Smooth Payments
Eligibility Criteria
•Resident of india and completed atleast age of 18 years. •Minor (10 year -18 year old) is also eligible to open savings account.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
1. Zero Balance Account 2. Free Digital debit card 3. Zero account opening fees. 4. Zero FD breakage charges 5. Zero Deposit risks. 6. In-app offers and discount. 7. Zero paper work 8. Lifetime free account 9. Auto FD features & interest upto 6%
Cons
1. low interest rate 2.5% 2. maximum deposit limit Rs 2,00,000 only. 3. No loan services & credit card sevices.
Application Procedure

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Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
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