For Classic customers, a nominal charge of 2% will be levied on Add money to wallet via Credit card. For further information and latest updates please visit https://www.paytmbank.com/ratesCharges.
Please note that these charges are only for Credit Card pay mode; Classic customers can continue to Add Money to their Wallet at 0% charge using any other pay mode (including Debit Card, UPI, Internet banking). Privilege customers can Add Money to Wallet at 0% charge for all pay modes (including Credit Card, Debit Card, UPI, Internet banking).
Customers are categorised as Classic customers on the basis of an analysis of their account usage patterns.
All customers who are not categorised as Classic customers, as mentioned above, will be categorised as Privilege customers.
The difference between Classic and Privilege customers is based on the categorisation of customers that shall be levied the applicable charges on Add Money to Wallet via Credit Card. The Classic Customers are charged at 2% for Add Money to wallet via Credit Card; whereas there are no charges levied for Add Money (via any payment mode) to wallet by the Privilege customers. For further information and latest updates please visit https://www.paytmbank.com/ratesCharges.
Paytm Payments Bank continuously monitors the usage pattern of our customers. If any anomalous activity is detected or observed in an account during periodic review, customer status will be updated to be Classic.
Paytm Payments Bank will conduct a review of the customers’ accounts every six months and if no such anomalous activity has been observed therein during such period, then the customers’ accounts shall be converted from Classic to Privilege.
Otherwise, customer will continue to remain Classic customer, till the next review.