Latest News
-
2 Tata Group Dividend Stocks To Buy/Sell After Q4 Results, Dividend Announcement -
18K, 22K, 24K Gold Prices India Get Cheaper: Yellow Metal Prices Fall On Weekend -
HDFC Bank's Q4 Profit Hits Rs 17,257 Cr; Rs 10,900 Cr Set for Future Provisions -
Rs 17.50/Share Dividend: Tata Mid Cap To Consider Dividend On April 29, LIC Stake 9.88% -
Upcoming Adani Stock Dividend: Midcap Cement Stock To Declare Dividend, Q4 Next Week; BUY For Rs 3,225 -
Elon Musk Postpones India Trip, Tesla's Indian Market Entry Delayed -
HDFC Bank Q4 Results: Net Profit Rises 37% To Rs 16,512 Cr; Rs 19.5 Dividend Declared -
Gold Prices: 10-Gram 24-Carat Rises Rs 8,010 Before Falling; Chennai Gold Price At Rs 75,110 -
Defence Stock Set To Become Cheaper, 1:5 Split Approved: Shares Zoom 406% In 1-Yr -
Indian Railways Announces Historic Increase in Summer Train Trips
What Are The Charges In Paytm Payment Bank?
Payments bank allows individuals to open savings account with a maximum deposit of Rs. 1 lakh.
Payments Banks are the new concept introduced by the Reserve Bank of India. The main objective of payment banks in India is to promote deposit and payments services to millions of unbanked and underbanked Indians.
Mobile wallet Paytm launched Paytm Payments Bank which offers services like savings and current account with a debit card. The users of wallet can transfer their account to a bank account.
Know the charges in Paytm Payment Bank:
Zero balance
You can open zero balance account with Paytm payments bank where no minimum balance needs to be maintained and without any charge.
Withdrawal charges
Payments banks charges differently for cash withdrawals. Paytm payments bank follows the standard RBI rules of cash withdrawal charges similar to all other commercial banks in India.
Transaction charges
Banks charge a certain amount of fees for conducting online transactions. Paytm payments bank is not charging anything for fund transfers. All fund transfer services like IMPS, NEFT and UPI online transactions are free of cost. India Post Payments Bank: What Are The Charges, Interest Rates And Features?
Debit card
Compared to other banks payment banks are also offering debit and credit cards. Paytm payments bank is offering digital debit card for free and an annual subscription charge of Rs.100 for the physical card. It is also providing its customers with the checkbook for Rs 100. Airtel Payments Bank: All You Need To Know
Goodreturns.in
