06 January 2018

Paytm Payments Bank, IndusInd Tie up for FD Facility

Paytm Payments Bank, IndusInd Tie up for FD Facility


Paytm Payments Bank has partnered Induslnd Bank to introduce a facility to create a fixed deposit (FD) when the customer balance exceeds Rs. 1 lakh at the end of the day.

Paytm Payments Bank customers can redeem their deposits instantly, anytime without paying any pre-closure or miscellaneous charges and can earn up to 6.85 percent annual interest.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • Paytm Payments Bank MD and CEO- Renu Satti.
  • IndusInd Bank Chairman- R. Seshasayee, Headquarter- Mumbai, Owner- Hinduja Group.

Source- The Hindu Business Line

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