Paym Payments Bank WiKi

Paytm payment bank: Paytm has tremendous growth in their wallet business to next level. Yes, they're planning about to transfer Paytm wallet business to Paytm Payments Bank Ltd on 23 May, 2017.Yes its great news for all paytm users.After that, paytm will serve all banking feature which you're waiting for.

About Paytm Payment Bank - Review, Release Date, Features, Full Details

Paytm Payments Bank Release Date fixed to Tomorrow 23 May, 2017. Being licenced by the Reserve Bank of India paytm payment bank is 100% Secure and more trusted as it's before.

One97 communications Nodia, The parent company of Paytm announced some month ago that it plans to merge Paytm Wallet into Paytm Payments Bank.And the dream comes true.Now it's called incorporated Paytm Payments Bank Limited (PPBL). This Paytm Payments Bank Limited (PPBL) is 51% owned by Vijay Shekhar Sharma & 49% ownership is with One97 Communications Ltd.

What is a Paytm Payments Bank ?

Paytm Payments Bank is a Full featured payments bank, licenced by the Reserve Bank of India. As per Payments Bank terms and conditions, Now Paytm can accept deposits upto Rs. 1 lakh per account. Paytm also now provide other banking services like Bank Account Number, Bank statement, Debit Cards, Money Transfer to other banks, Online Banking and Mobile Banking when you open an account with the new Paytm Payments Bank. Even it can offer financial products like Loans, Insurance, Mutual Funds, Pension Funds etc. by their financial partners for a seamless Paytm experience.

How to open a Paytm Payments Bank account?

Paytn will be launching their banking servies on or before 23 May 2017. After that you will have an option to open bank account by completing your KYC details and signing up digitally.

What's would Happen to your Old Paytm Wallet Money after launch Paytm Payment Bank

Paytm wallet will now be a part of Paytm Payment Bank. As per Paytm public statement, the current Paytm wallet owner can login into Paytm account and Transfer their existing balance to their bank accounts by providing account details.

What happens to yours existing Wallet ?

Worried about your existing wallet.Movement to Paytm Payments Bank will Limited in the same capacity like your current Paytm Wallet i.e. KYC wallet as KYC wallet and minimum detail-KYC wallet as minimum detail-KYC wallet.

What happens to old paytm app ?

The user experience will remain the same as before. You will continue to use it to pay for fuel, taxi, food, etc. like as before.

What are charges for transfer money to other banks ?

You do not have to pay any charges or fees for money transfer other banks.

Tags: About Paytm Payment Bank Review, Release Date, Features, Full Details