Fixed Deposits (FD) have always been the preferred choice for many Indians when it comes to investment. Why? Because it involves low risk with guaranteed returns. Earlier, Paytm Payments Bank was offering FD only in collaboration with IndusInd Bank with a minimum investment of Rs. 100. However, very recently, Paytm Payments Bank has added a new, finely-crafted feature called as Multi partner FD.
With this, Paytm Payments Bank has become India’s first digital payments bank to introduce a feature of this sort to further enhance User Experience. Discerning customers, as per their preference and convenience, can now choose to book an FD instantly either with IndusInd or Suryoday Bank via Fixed Deposits section available on the Paytm Payments Bank home screen.
Multi partner FD – Features
One of its Kind: Paytm Payments Bank has seen millennials preferring FD over other investment options. That’s why the team decided to come up with a unique solution. Multi partner FD feature will encourage more and more individuals to secure their future. Moreover, the bank has elevated the experience of many users already by providing ‘Auto Create Fixed Deposit’ feature wherein a user can slide to set limit and create automatic FD’s with the partner banks beyond the limit that’s set.
No Beating around the Bush: We believe in transparency and so do our partner banks. When you book an FD, we ensure that you see the names of our partner banks we have so that nothing remains hidden and this transparency ensures that you feel confident while investing money. Also, this reduces the risk factor and your investment turns out to be fruitful in future.
Bank Right to Invest Right: As per your likability, trust, requirement and comfort, you can choose the partner bank you wish to book an FD with. You can also compare various features like minimum investment, interest rate, tenure, etc. before making your selection.
Multi partner FD – Benefits
For New Users: While booking an FD, a new user gets the option to choose from our multiple partner banks as per convenience.
For Existing Users: When you book an FD through us with us the partner bank, you get to see the bank’s name with which you are booking, very clearly. You can accordingly choose/change the bank anytime from profile section on your Paytm Payments Bank home screen.
For All Users: All the users who book an FD through us with the partner bank can see their previous FDs along with the name of the partner banks.
What’s more? There’s one consolidated page covering Transaction History with each and every detail related to the transaction like Amount, Interest Earned on FD and partner bank name. Besides, you can redeem the FD, anytime with no penalty charges.
Paytm Payments Bank keeps coming up with new and unique features to simplify banking for all its users. We aim at offering time-saving and user-friendly solutions to all the complex digital banking problems that you might have faced. Furthermore, to keep you updated with all our new and upcoming features, we regularly streamline our ‘Blog’ section so that you don’t have to wander around for any important information.
We’re listening to you, creating new features for you.