Paytm, a company that offers digital payment services, offers two options to its payment bank customers (PPBL) to obtain fixed deposits (FD). Paytm Payments Bank has now partnered with Suryoday Small Finance Bank after IndusInd Bank to provide FD services to clients. Now PPBL customers will be able to get fixed deposits with Paytm Payments Bank at both FD bank rates and other conditions.
Paytm Payments Bank, together with IndusInd Bank, currently offers the FD facility to its clients with a deposit of at least Rs 100. Now, with the new partnership with SSFB, PPBL has become the first payment bank in the country to offer the multi-partner FD service. This will allow clients to choose one of the two partner banks. PPBL said that customers will now be able to compare the offers of both partner banks for FD. This will give them the opportunity to choose the best according to the minimum deposit, interest rate and FD period.
There is no penalty for breaking FD on time PPBL Managing Director and Chief Executive Officer (MD & CEO) Satish Gupta said that we have partnered with Suryoday Small Finance Bank to provide Flexi Bill for FD to our account holders. Customers can compare their convenience and benefits and choose the preferred partner bank. Tell him that PPBL does not penalize clients for breaking FD early. Bhaskar Babu, CEO and CEO of Suryoday Small Finance Bank, says that as a small finance bank, our goal is to provide innovative products and solutions with a good customer experience. A partnership with Paytm Payments Bank will allow customers to save more.