According to the information available on the website of Paytm Payments Bank, the maturity period of FD in Paytm Payments Bank is 356 days and it is getting 5.5% interest.
Even today, when it comes to investing, most people recommend FD i.e. Fixed Deposit. FD is considered to be a better option in terms of investment, in which the return is guaranteed. In this, more returns are available than the Savings Account.
At the same time, Paytm Payments Bank Ltd., one of the country’s leading payments banks. That is, PPBL (Paytm Payments Bank Ltd) also provides the facility of Fixed Deposit ie FD to its customers.
You can get an FD in Paytm Payments Bank with an investment of as little as Rs 100. The bank is offering up to 5.5 percent interest on FDs. The special thing is that Paytm Payments Bank does not charge any penalty from customers for prematurely breaking the FD.
Partnership with IndusInd Bank
No Payments Bank is directly permitted to provide the facility of Fixed Deposit. Therefore Paytm Payments Bank has partnered with IndusInd Bank for this. However, the interest rates are decided by IndusInd Bank.
Maturity period is only 356 days
According to the information available on the website of Paytm Payments Bank, the maturity period of FD in Paytm Payments Bank is 356 days and it is getting 5.5% interest. The special thing in this FD is that no charge is to be paid for breaking the FD before the completion of the maturity period. However, if you break it before 7 days, you do not get any interest.
Paytm Payments Bank FD Rates
- 7 to 44 days- 2.75%
- 45 to 59 days- 3.00%
- 60 to 89 days- 3.50%
- 90 to 119 days- 3.75%
- 120 to 139 days- 4.00%
- 140 to 209 days- 4.50%
- 210 to 268 Days – 5.00%
- 269 to 356 Days – 5.50%
