Paytm Payments Bank customers can use their Fixed Deposit with IndusInd Bank to make payments
Financial services provider Paytm has recently introduced the facility for users to pay from fixed deposit (FD) balance on its partnered platforms. Account holders of Paytm Payments Bank can now use their Fixed Deposit with IndusInd Bank to make payments on online platforms.Also Read: How to transfer Rs 10 lakh bank-to-bank through Paytm
Paytm says that this will help customers make easy payments from the fixed deposits they have.
This will not require any additional integration on the partner merchant’s site.
There will be no charge or penalty for premature withdrawal of Fixed Deposits opened with IndusInd Bank. This will also give an option to the customers to withdraw a portion of the fixed deposit for their needs. They will continue to get interest at the rates applicable on the rest of the amount.Also Read: Get 21GB data and many benefits with free calling in less than Rs 100
Paytm said that it is the only payment gateway to offer such a new facility.
Paytm is also planning to bring a public offer in this financial year. This could be one of the big IPOs of this year.
