Since paytm has not opened any physical branch the major question is, how people will deposit money into paytm’s bank account. Let’s see what options are available to customers to add money into payment bank. NEFT or IMPS Customers can add money into paytm bank using neft or imps service.…
Why Airtel and PayTM choose to open Payment Bank As per now only Airtel has opened payment bank and PayTM has announced it lunch date. As per news both payment banks will use customer’s mobile number as account number, which is for both have entities. As large number of user…
Payment bank is just like another normal banks with sum restriction. These banks will be fully paperless. These banks cannot issue loan and credit cards. These banks can accept a restricted amount of deposits which is caped to 1lakh INR currently. Payment bank customer can transfer their money from payment bank to…