Language
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Bank Account
Minimum account balance
NIL
Interest Rate *
2% per annum, payable monthly effective 1st August,2023
* Only applicable to Savings Account.
SMS Alerts
SMS/Notification alert services effective August 1, 2023
SMS will be sent for all Debit transactions except UPI transactions less than ₹ 100.
Customers will continue to receive sms for Credit transactions above ₹2,500.
Please switch on your notification for getting regular update on your Paytm Payments Bank Account.
Debit Card Transactions
Domestic Transactions
Paytm Payments Bank ATMs & Micro ATMs
Unlimited Free Transactions using Paytm Payments Bank Debit Card
Other Bank Metro ATMs & Micro ATMs
Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad
3 free every month; post that
Cash withdrawal: ₹21 + GST per txn
Mini statement, Balance check, PIN change: ₹8 + GST per txn
Other Bank Non-Metro ATMs & Micro ATMs
Other than the 6 cities mentioned above
5 free every month; post that
Cash withdrawal: ₹21 + GST per txn
Mini statement, Balance check, PIN change: ₹8 + GST per txn
Note: In cases where transactions have been done at both Metro and Non-Metro ATMs, customers are provided 5 free transactions in a month with a cap of 3 free transactions at metro ATMs
* Rates are inclusive of taxes
Debit Card Issuance Fees and Transaction Limits
Digital Debit Card
Free
Debit & ATM Card
Physical Card Issuance Charges
Lost card replacement
Annual subscription fee
*Applicable for Physical Debit Card only
Online Transaction daily limit
In-person (POS) daily transaction limit
Tap-and-Pay daily transaction limit
ATM daily cash withdrawal limit
You can now set your own daily limits upto the above provided default transaction limits (Maximum limit set during the day would apply for respective transaction type)
Online Funds Transfer
IMPS
Free unlimited
UPI
Free unlimited
NEFT
Free unlimited
To another Paytm Payments Bank account or wallet
Free unlimited
NACH Return due to financial reasons
₹100 (inclusive of GST)
* Charges applicable for retail customers
For BSBDA Please Click here
Paytm Payments Bank Agent (Banking Point/ Home visit service)
Domestic Money Transfer
Minimum Rs.10 or 1% per transaction (Whichever is higher)
Cash Deposit (Banking points including Branches)
No fee upto Rs. 25,000 (cumulative transactions per month)
Beyond Rs. 25,000: Rs. 5 per 1000 of the deposit amount + GST
Cash Withdrawal (Banking points including Branches)
No fee upto Rs. 25,000 (cumulative transactions per month)
Beyond Rs. 25,000: Rs. 5 per 1000 of the deposit amount + GST
Add Money to Wallet and KYC
NIL*
KYC home visit service
₹ 150*
* Rates are inclusive of taxes
Schedule of charges: Paytm Payments Bank Wallet
Loading money into Paytm Payments Bank
Adding money to Wallet through any funding source other than Credit, Corporate, Prepaid Card and Net Banking (other than through Paytm Payments Bank) – NIL
All transactions of loading money into wallet via Credit Card will be charged up to 2.5% (exc. of GST). Also, all transactions of loading money into wallet using American Express, Corporate Card or Prepaid Card, will be charged up to 3% (exc. of GST).
A surcharge of up to 2% will be applicable on users who have added money in their wallet using Credit, Corporate or Prepaid Card and taken it to the bank account for an amount greater than or equal to INR 5000 per month, in the current or either of the last three calendar months.
For example: If a user adds INR 8000 to his Wallet using Credit, Corporate or Prepaid Card in a month, spends INR 2000 for payment using Paytm Payments Bank and takes INR 5000 or more from the remaining amount to bank account in the same month. Then, the user will be levied with a surcharge of up to 2%, on the amount being taken from wallet to bank account, for current and next six calendar months.
Adding money to Wallet through Net Banking (other than through Paytm Payments Bank) will be charged up to 1.5% (exc. of GST). Please use UPI for Adding Money to Wallet for free.
Charges stated above may be charged by the Bank or its associated Payment Gateway service provider.
Purchase at merchant site*
Nil
Paytm Payments Bank to Wallet Transfer
NIL
* As per contract with merchants. Convenience charges may be applicable on certain merchants.
Wallet to Bank Transfer – KYC Customer
Wallet to Bank transfer charges – 0%
100% discount offered on transfer charges for all the customers.
Wallet to Bank Transfer – Business Partner
As per terms with Business Partner
Wallet Maintenance Charges
A nominal maintenance fee will be charged to all users each quarter for maintenance of their Wallet from 1 January 2023. This fee will be waived off for users who have made at least one user-initiated Wallet transaction in the last 2 years. These charges are levied for the recovery of costs for services offered by Paytm Payments Bank for maintenance of user wallets. Full KYC users will be charged a fee of INR 15 per quarter (excl. GST), while all other users will be charged INR 5 per quarter (excl. GST). Amount debited will be equal to the balance in Wallet or the charges applicable, whichever is lower.
Users can get maintenance charges waived off/discounted by either Adding Money to their Wallet or by making a transaction using Wallet within 30 days of charges being levied. Alternatively, users will be allowed to close their Wallet account within 30 days of charges being levied to get charges waived off. These charges will be refunded or provided as Cashback to users.
No maintenance charges will be levied for users with zero Wallet balance. If the user’s Wallet balance is less than the charges levied, the entire Wallet balance will be debited and Wallet balance will be zero. Users can reach out to us in the Help & Support module in the Paytm Payments Bank section of the Paytm App to get these charges refunded or for any additional clarification required.
Limits: Bank Account (Non-PAN- Form 60 users)
Cumulative Fixed Deposit Amount annually with Partner Bank
Up to Rs. 3 lakh
Limits: Paytm Payments Bank Wallet
Loading Money using Credit Card per User
Up to Rs. 2 lakh over last 30 days
Loading Money using single Credit Card across multiple users
Up to Rs. 2 lakh over last 30 days
Limits: Savings account and Individual Current Account
Upto Rs. 10 lac in a day from an account through NEFT or IMPS
Upto Rs. 25 lac in a day overall from a Savings Account
Upto Rs. 50,000 in a day overall from a Minor Savings Account
Upto Rs. 50 lac in a day overall from an Individual Current Account
Limits: Corporate flows
Current Account:
Upto Rs. 50 cr in a day
Transfers:
Rs 10 cr through NEFT/RTGS per transaction
* These are default limits assigned to clients at the time of account opening
Charges: Gift Voucher
Buying or Sending Gift Voucher through any funding source other than Credit, Corporate, Prepaid Card and Net Banking (other than through Paytm Payments Bank) – NIL
All transactions of buying Gift Voucher for self or others via Credit Card will be charged up to 2.5% (inc. of GST). Also, all transactions of buying Gift Voucher for self or others using American Express, Corporate Card or Prepaid Card, will be charged up to 3% (inc. of GST).
A surcharge of up to 2% will be applicable on users who have added money in their wallet using Credit, Corporate or Prepaid Card and taken it to the bank account for an amount greater than or equal to INR 5000 per month, in the current or either of the last three calendar months.
For example: If a user adds INR 8000 to his Wallet using Credit, Corporate or Prepaid Card in a month, spends INR 2000 for payment using Paytm Payments Bank and takes INR 5000 or more from the remaining amount to bank account in the same month. Then, the user will be levied with a surcharge of up to 2%, on the amount being taken from wallet to bank account, for current and next three calendar months.
Buying or Sending a Gift Voucher through Net Banking (other than through Paytm Payments Bank) will be charged up to 1.5% (exc. of GST).
Statements and Certificates
Online passbook
Free Online Passbook and Email Statements
Email statements
Free
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