[Full Guide]How To Apply For Paytm Payments Bank Account ? {Proof Added}

 Paytm Payment Bank account 

[Full Guide]How To Apply For Paytm Payments Bank Account ? {Proof Added}

---

Hello My Readers , This Time I Am Not Give You Any Jio Offer Or Loot Offer But Will Give You A Lot Info Regarding Latest Paytm Payments Bank News . Paytm One 97 Payments Limited Has Made An Official Announcement That They Are Gonna Launch Their Payments Bank In Coming Days . You can create a savings or current bank account, get your debit card, withdraw money from atm, send to and receive money from other banks and do internet banking and other banking services easily Which You Are Supposingly Doing From Any Other Private Or 

It Is Indeed A Boon To Many People Including Students Who Can Now Get A Bank Account In Not Much Time Or Those Who Can’t Open Bank Account In Any Other Bank As The Bank Is Not Allowing 0 Balance Account . 

I Myself Had An Account In Canara Bank But It Turned Out To Be A Failure For Me As I Didn’t Got Debit Card Or Cheque Book Or Any Sort Of Payment Withrawl Facility Except Going To The Branch And Filling The Wothdrawal Slip . So Indeed This Is Really Gonna Help Many Teenagers And Youngsters And Also Many Others . Hence, Paying Online For Services Wasn’t Always Very Easy To Me .

But Now I Can Assure You Every Person With This Difficult Will Be Covered By Paytm Payments Bank . 

Sounds Interesting !! Isn’t It ?

---

When Is Paytm Payments Bank Gonna Launch ? 

As We All Know Paytm Saw Demonetisation Coming  ….:3 And It Came Out With So Grace That Paytm Became The Number 1 E-Wallet . What Made It Grow Was Constant Same Service ( Infact A Better One ) + A Contributing Factor That It Kept On Running On Same Terms And Condition With Regard To It’s Wallet And Didn’t Did Shit Which Free Charge And Mobikwik Did Like Mobikwik By Introducing Super Cash And FreeCharge Diffrentiating Between Normal Balance And Cashback . Paytm Watched The Wallet Balance And The Cashback Balance Same Way . Well It Doesn’t Have To Do Much With Payment Bank But I Tried To Give A Thought On It . Payment Bank Is Gonna Embrace Their Operations From 23rd Of May 2017 ( A Remarkable Day In History Where A Normal E-Wallet Bacame A Bank) .

Well, the good news is, the end of all our waiting is near. RBI has finally approved PayTM’s request to join the Payments Bank sector.

On 16th May, PayTM published a Press Release on different newspaper and announced that it is finally launching from 23rd May. I am attaching the press release copy of the Paytm Payment Bank Announcement …..

Dear Customer.

One97 Communications Limited thanks you for being its valuable customer and for having the confidence and trust in Paytm Wallet.
It is our pleasure to inform you that Paytm Payments Bank Limited has received the final license from the Reserve Bank of India and would commence its operations on 23 May 2017.
As per the directions of RBI, the company will be transferring its Wallet business to the newly incorporated Payments Bank entity, Paytm Payments Bank Limited, under a Payments Bank license awarded to a resident Indian, Vijay Shekhar Sharma.
Your current Paytm Wallet will now move to the Paytm Payments Bank Limited in the same capacity i.e. KYC Wallet as KYC Wallet and minimum detail KYC Wallet as minimum detail KYC Wallet, if we do not receive any communication from you for the same before 23 May 2017.
If you choose not to continue to enjoy the benefits of your Paytm Wallet, please email us at [email protected] or log in to paytm.com/care to notify your choice of opting out and redeeming your balance by one-time transfer to your own bank account. Please indicate the Account Holder Name. Account Number and the IFSC Code of the bank where you wish to redeem the balance within 15 days of notifying your choice. If you choose to opt out and we don’t hear from you with the above details, your Wallet money will be kept in a specially designated account with Paytm Payments Bank and the funds will be available on receipt of your bank details required for transfer of Wallet money to your own bank account.
If your Wallet has been inactive for last six months and has zero balance, it will be transferred to the Paytm Payments Bank Limited only if you give specific consent for the same. You may provide your consent by logging into your account in the app or on the web or by emailing your consent to helpepaytm.com.
Please feel free to write to us for any grievances or queries at the following email address [email protected].

As It’s Now Approved From RBI Side So We Can Expect A Bunch Of Good Services From Paytm To Be Revealed Soon ….

---

Who Is Taking Charge Over Payments Bank ? 

Renu Satti, the vice president at PayTM will become the CEO at PayTM Payments Bank.

Account Preference :- 

Type Of Account : Savings Account 

Minimum Balance: Rs 1

Maximum Balance: Rs100000 (1 Lakh)

Interest Rate: No Disclosure Regarding This But If Rumors To Be Believed Than 14.5%

 Debit Cards : Yes

IMPS, NEFT Available : Yes

UPI Available : Yes

Banking Transaction Charges: Free of Cost

Money Withdrawal from ATM Allowed: No Disclosure Regarding This Even But I Believe It Will Be Also Available .

---

How To Apply For Savings Account In Paytm ? 

Well Applying For A Savings Account In Other Banks Is Not That Easy But I Assure You The Experience In Paytm Is Love ❤. You Would Not Have Such A Fast Experience . All You Needing In This Will Pe Your Adhar Card And Your Thumb ! Wait What ? I Said Thumb , Are They Gonna Cut It ? No M Joking , They Need Thumb Impressions  For E-KYC .

Step 1– Creating A Paytm Account  

Click Here To Go To Paytm Signup Page Or Click Here To Download Paytm App . Click On Signup And Enter All Details Genuinely . If You Are under 18 I Prefer Use Details Of Your Mother Or Father As It Will Be Needed For Further Documentation And Verification .

Enter Your Working Mobile Number And Then You Will Receive A OTP Of 6 Digits On Your Mobile Number , Enter It .

You Will Receive A Mail To Verify Your Mail Id . Click On It And Verify .  

Step 2 : Adding Further Details In Your Account .

Click Here To Go To Paytm Settings And Add Details Like Your Date Of Birth ( Use Your Parents DOB If U Are Minor ) Add Your Address To Get A Faster Experience While Purchasing Anything Or While Selecting    E-KYC Address . 

Add Your Debit Card / Credit Card Details . Be Assured From Our Side That All Your Details Are In Safe Hands . 

Final Verification Of Yourself (Becoming A VIP Customer ) 

Next, you need to verify your identity to PayTM by submitting your proof of identity, proof of address and photo to PayTM. This can be done by filling up the KYC Form given by PayTM. You can find it here

The wallet upgrade can be done in two ways:

• Requesting PayTM to come to your house: A PayTM Personnel will visit your house and collect the documents from you. He will also see the original proof of identity and address documents directly from you.
• Visiting your nearest PayTM Office: You can visit your nearest PayTM Office carrying the documents and the original Proof of Identity and address. They will collect the documents from you and see the original ones from you there.

The list of documents which you can use as proof of identity and proof of address are:

• Aadhaar card
• Passport
• Voter ID
• Driving License
• NREGA job card
• Copy of your PAN card (optional) if you want to spend more than Rs. 50,000/- in a single transaction.

The Documents needs to be self-attested. That is, you need to put a signature on the photocopies of the documents. Start your signature from inside your document in the photocopy and finish outside the document on the paper.

Note: If you choose to submit your Aadhar Card as proof, then you can opt for eKYC based verification from PayTM App. It will take your Aadhar and Mobile No and verify your identity instantly. Your upgrade will be updated in no time.

The time of upgrade can take up to 72 hours.

---

Convert Your Paytm Wallet To Payments Bank Saving Account :- 

According To Report You Need Not Do Anything . As All The Users Whose KYC Was Successful Will Be Automatically Transferred To Payment Bank . Well In That Case If You Don’t Want The Same Means You Don’t Want To Transfer Your Account To Be Converted To Paytm Payments Bank Then You Need To Contact Paytm Or Drop An Email To Paytm Regarding The Same That You Don’t Wish To Convert Your Account To Payment Bank . In This You Also Need To Specify Your Bank Account Number IFSC Code And Other Mandatory Bank Details To Receive The Outstanding Payment In Your Wallet To Your Bank Account . The Payment Would Herein Be Transferred Within 15 Working Days To Your Bank Account . 

If you wish to join PayTM Payments Bank, you don’t need to do anything. Your wallet will be migrated to the PayTM Payments Bank automatically within a few days.

But, if you wish NOT TO JOIN, you can manually cancel the migration by sending a mail to [email protected] with your Registered Email and Phone Number mentioning that you don’t wish to join PayTM Payments Bank.

Getting Started With Paytm Payments Bank :- 

Well Now As You Have Enrolled In Payments Bank So You Are About TO Unveil Juicy Benefits From Paytm . What Are The Benefits Of It You Are Gonna Watch Down …..

You will get a Banking Kit from PayTM with the Following:

• A Passbook
• A Cheque Book
• A Debit Card
• Internet Banking Instructions Manual
• A Welcome Kit with instructions to use the PayTM Wallet.

The Banking Kit will reach at your home directly. It may take up to 2 weeks to reach you after your Bank Account has been created. Kindly wait for it to come.

My Words Being A Student , A Paytm Customer And At Last A Blogger :-

Well This Step Of Paytm Is Really A Turning Point For Paytm Itself Then Even It’s Customer . It Is Really A Boon To Me And I Must Praise Paytm For It’s Success . Well I Hope I Cleared All Your Doubts Regarding Paytm Payments Bank . If You Have Still Any Doubt Plz Put Forward In Comment And I Am Gonna Surely Answer It . Also I Have Tried My Best To Give You This Articles . I Would Love To Here A Word Of Thanks Atleast From You . 

Stay Tuned To Coolztricks.com .