Important Notice

Update on Savings Account Interest Rate

Dear Customer,

At Paytm Payments Bank, we strive to provide you with the best banking experience and services that meet your evolving needs.

We offer a host of services free of charge as mentioned below. Along with that we also offer Fixed Deposits with our partner bank with high interest rate at the prevailing rate of 7.50%* per annum for tenure of 365 days

  • Free Digital Debit Card
  • Zero balance account
  • Free @Paytm UPI handle and unlimited UPI transactions
  • Unlimited Bill Payments using BBPS
  • Unlimited fund transfers through IMPS, NEFT and RTGS
  • Online passbook and email statements
  • Unlimited Free transactions using Paytm Payments Bank Debit Card at Paytm Payments Bank ATMs

As part of our commitment to transparency and sustainable financial practices, we are writing to inform you about an upcoming change regarding our Savings Account interest rate.

Effective 1st August 2023, the interest rate offered on your Savings Account deposits will be revised from the current rate of 2.50% per annum to 2% per annum.

We understand that simplicity and speed are crucial for your daily payment and transaction needs, and our focus remains on delivering seamless, efficient, and cost-effective services to enhance your banking experience.

We remain committed to being your trusted banking partner and strive to deliver unparalleled customer experiences.

Should you have any questions or require further clarification, please do not hesitate to reach out to our customer support team.

Thank you for your continued trust and understanding. We value your relationship with us and look forward to serving you with excellence.

* FD rates are subject to change without notice