Savings Account

The Most Desirable Benefits at Your Fingertips

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Open Your Account
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One Account for All Your Needs

A Secure Account with Benefits

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It's All in Your Mobile
0
₹ 10,000
₹ 1 Lakh
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It's All in Your Mobile

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 BankingBe Friends with Innovative Banking
Innovative BankingBe Friends with Innovative Banking

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 PaymentsVirtual Debit Card for Smooth Payments
Virtual Debit CardVirtual Debit Card for Smooth Payments

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 Paytm app.

An Account that's Flexible & Supportive

  1. Real time passbook

    Real-Time Passbook

    Quickly view all your real-time transactions including Wallet & Savings Account balance in Passbook.
  2. Recurring payment

    Recurring Payments

    Automate your recurring payments such as EMIs, insurance payments, SIP deductions via NACH.
  3. Convenience is the Key

    Convenience is the Key

    Stay informed at every step via instant notifications. You can easily download statement too.
  4. Safety Security

    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:

  1. Open Paytm App
  2. Click on 'Bank' icon on the home page
  3. Set a Passcode
  4. Create an account (if you are a KYC customer as otherwise book a KYC appointment first)
Can I open more than one savings account?

No, one customer can only open 1 savings account.

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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:

  1. By performing any inward or outward transaction. Examples of customers induced transaction are transactions through debit card, standing instruction, NACH, fund transfers, among others. Or,
  2. 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,
  3. 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.