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Paytm Payments Bank Partners with IndusInd to Rollout Fixed Deposit Service

January 10, 2018

Paytm Payments Bank Partners with IndusInd to Rollout Fixed Deposit Service

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.

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