India’s largest digital bank Paytm Payments Bank is the only bank providing zero balance accounts and zero charges on digital transactions. The bank has unveiled ‘Paytm Ka ATM’ outlets that allows customers to open Saving Accounts and deposit/withdraw money from their bank accounts.
In the first phase, Paytm has started with 3,000 ‘Paytm Ka ATM’ points in select cities including Delhi NCR, Lucknow, Kanpur, Allahabad, Varanasi, and Aligarh. These outlets feature local banking correspondents who help customers in depositing and withdrawing money from their Paytm Payments Bank account, making banking simpler and more accessible for one and all.
Static/Current Takeaways Important for RBI Assistant Mains 2017 Exam-
- Currently, India has four Payments Bank including Paytm Payments Bank.
- The other three operational ones are Airtel Payments Bank, India Post Payments Bank, and Fino Payments Bank.
- Vijay Shekhar Sharma is the Chairman of the Paytm Payments Bank.
Source- The Economic Times