Deposit any amount in your Paytm Payments Bank account for future. There is no minimum
balance required. Book an FD* and break it easily without penalty* or set limits on the balance in your
account for booking of FD*. It's simple and quick.
*FD is with partner bank
Be Friends with Innovative Banking
Banking is fun with Paytm Payments Bank. Starting from opening an account through
Video KYC, saving money regularly in it to making payments, everything is customer-friendly.
Virtual Debit Card for Smooth Payments
Free Virtual Debit Card is smartly designed to assist you with all your instant
purchases while making the most of personalised offers & benefits. Get your physical debit card through
An Account that's Flexible & Supportive
Quickly view all your real-time transactions including Wallet & Savings Account
balance in Passbook.
Automate your recurring payments such as EMIs, insurance payments, SIP deductions via
Convenience is the Key
Stay informed at every step via instant notifications. You can easily download
Safety & Security
Your digital account comes with a special Paytm Passcode. Register for instant alerts
if you want.
Frequently Asked Questions
How can I open a Paytm Payments Bank Savings Account?
The steps to quickly open a Paytm Payments Bank Savings Account are as follows:
Open Paytm App
Click on 'Bank' icon on the home page
Set a Passcode
Create an account (if you are a KYC customer as otherwise book a KYC appointment
Is there any minimum balance I need to maintain in the savings account?
No, you don't need to maintain a minimum balance in your savings account.
Would I be charged for the transactions that I make using the savings account?
No, you can make unlimited transactions for free.
Can I withdraw cash from my savings account?
Yes, you get a free virtual debit card with your savings account. You can order a
physical debit card and can use it to withdraw money PAN- India.
How does my account become Inactive/Dormant?
Inactive - An account that has not seen a debit or credit transaction induced by customer or third
party, in the last one year is marked as inactive account.
Dormant - An account that has not seen a debit or credit transaction induced by customer or third
party, in the last two years is marked as dormant account.
How can I re-activate my Inactive Savings Account?
An inactive account can be converted to active by the customer himself/herself by any
one of the following ways:
By performing any inward or outward transaction. Examples of customers induced
transaction are transactions through debit card, standing instruction, NACH, fund transfers, among
By visiting a BC Agent and on successful verification, the account is
activated. Kindly check your Paytm Bank App to find the nearest BC agent. Or,
In case of Aadhaar based users, verification via Aadhaar linked OTP and a live
selfie check. Post successful verification, the account is activated.
How can I re-activate my Dormant Savings Account?
A dormant account is blocked for any inward or outward transactions & hence can be converted to active
only after re-verification of identity by visiting a BC Agent. Kindly check your Paytm Bank App to find
the nearest BC agent.