Paytm Payments Bank, India’s largest digital bank, is pleased to bring banking access to you with “Paytm Ka ATM,” which offers zero-balance accounts and no fees for digital transactions. You will be able to open a Savings Account and deposit and withdraw money from these specially branded locations.
On the Paytm app, we will also introduce a “Bank” section where you can access all of our banking services, including payments, digital debit cards, passbooks, support, and more.
We are beginning the first phase with 3,000 “Paytm Ka ATM” locations in a few cities, including Lucknow, Allahabad, Allahabad, Varanasi, and Aligarh. In order to make banking easier and more accessible to everyone, these locations provide local banking correspondents who assist you in depositing and withdrawing funds from your Paytm Payments Bank account. For instance: An auto or taxi driver can now deposit money into a Paytm Payments Bank Savings Account at a “Paytm Ka ATM” to earn interest; and pull out whenever necessary.
Over 100,000 Paytm Ka ATM banking locations are planned for India; and we have contributed Rs. for that. 3000 Cr over the next three years to enable trusted local partners to serve as potential cash-in and cash-out points, thereby expanding the offline distribution network.
“The Paytm Ka ATM banking outlets are our step towards ensuring that every Indian has access to banking facilities,” stated Renu Satti, MD and CEO of Paytm Payments Bank. Our customers will be able to open a bank account, deposit and withdraw money, and get their Aadhaar linked by going to their trusted neighborhood bank. We believe that hundreds of millions of under-served and unserved customers will be able to access high-quality banking services thanks to this hyper-local banking model.
|Street||p&t Socity B 102 Korangi|