Opening a Paytm Payments Bank account is easy and completely digital. Every Paytm customer who has completed the Paytm KYC process can now have a consumer beta of bank account. Having a Paytm Payments Bank account comes with no account opening charges or minimum balance requirements. Customers will also be able to earn interest every month and get a free Digital RuPay card.
How do you open Paytm Payments Bank Account?
Step 1: Ensure you have the latest version of the Paytm app. You can download the updated version using Google Play or Apple Store.
Step 2: Tap on the‘Bank Account’ icon in the home-screen.Read the Terms & Conditions to open a Paytm Payments Bank account, and click on ‘Proceed’.
Step 3: Enter and confirm your Paytm Passcode. You can add a nominee for your bank account, or add someone later.
Incase your Savings Account status still shows ‘Pending’, tap on the Profile icon and go to Edit Profile. Enter your PAN Card and Aadhaar Number details and your bank account will be live.