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Paytm Payments Bank Partners with IndusInd to Rollout Fixed Deposit Service
January 10, 2018
Paytm Payments Bank said that it has joined hands with IndusInd Bank to offer a fixed deposit facility to its customers. Under this, a customer whose account balance exceeds Rs. 1 lakh can apply for the fixed deposit facility and enjoy an interest rate of 6.85% on the same.
The payments bank said that the customers can redeem their deposits instantly whenever they want and without paying any penalty. In addition to that, if a customer becomes a senior citizen while their account is yet to reach maturity, then it will be auto-renewed for the higher interest rate that’s offered to the senior citizens.
