Paytm Payments Bank & NPCI Join Hands for RuPay Debit Card

Published on September 15, 2017
Paytm Payments Bank has partnered with National Payments Corporation of India (NPCI) to launch RuPay-powered digital debit card.

Paytm Payments Bank & NPCI Join Hands for RuPay Debit Card

Features of The Card

  • Customers will be now able to transact at all merchants who accept payments via debit and credit cards. 
  • Users who have opened their account with the payment bank will be issued the digital debit card. 
  • The The card comes with a free insurance cover up to Rs 2 lakh in the case of death or permanent total disability.
  • Payment bank will not charge on online transactions such as IMPS, NEFT and UPI.
  • For non-metro locations, one gets five free transactions every month and post that, one has to pay Rs 20 on every withdrawal. 
  • For metro areas, one will get three free transactions and after that one has to pay Rs 20 as well. 

Paytm Payments Bank

  • Paytm Payments Bank was launched in May 2017.
  • It offers annual interest of 4 percent for all saving accounts. 
  • The service is available through invite-only basis, and one has to log onto Paytm Payments Bank website to request an invite.
  • The brand is offering a free virtual Rupay debit card, however, if one requires a physical debit card then one has to pay Rs 100 plus delivery charges. 
  • Paytm Payments Bank is offering free online passbook and email statements. However, one need to pay Rs 50 plus delivery charges for physical statements.

About me

ramandeep singh

My name is Ramandeep Singh. I authored the Quantitative Aptitude Made Easy book. I have been providing online courses and free study material for RBI Grade B, NABARD Grade A, SEBI Grade A and Specialist Officer exams since 2013.

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