Paytm Payments Bank brings you the convenience of Recurring Payments -:- www.deekpay.com

Your payday should be a day full of joy, but with it comes the hassle of managing your monthly bills and the potential fines you could face if you forget to pay the date. Now you don't have to worry about that anymore, we'll take care of it all for you. We are pleased to announce that we have launched our Recurring Payments service for our customers. With our Recurring Payments service, you can automate the payment of all your monthly bills such as credit card repayments, EMIs, loan premiums, rent, utility bills, etc., making it easy and hassle-free for you to enjoy a convenient payment experience.

To meet your needs, we offer two types of recurring payment services: 1. Automatic Payments 2. NACH Mandate Based Payments

1. What are automatic payments?

Autopay is a convenient feature that allows you to have a fixed monthly amount automatically deducted from your account to complete a recurring payment. You can use this service to make rental payments, online payments, or recurring payments to beneficiaries.

How do I make an automatic payment?

You can easily activate the auto payment service through the banking section in the Paytm app. If you don't have enough balance in your account in a particular month, you can easily pause the payment and restart it the following month. Just make sure to pause, restart or cancel any recurring instructions before the payment date.

2. What are NACH authorised payments?

NACH is a web-based solution launched by National Payments Corporation (NPCI) to facilitate multiple and recurring transactions such as inter-bank, high value, online transactions etc. With NACH Authorised Payments, service providers and subscribers can easily manage recurring payments, be it fixed or variable amounts, such as credit card repayments, EMIs, loan instalment payments, utility bills, etc.

How do I make a NACH authorisation payment?

E-authorisation: you need to visit the service provider's website or app (e.g. Paytm Money, KreditBee, etc.), select Paytm Payments Bank from the list of banks and enter your net banking credentials. Once authorised, the required amount will be automatically debited from your bank account at a frequency of your choice.

Paper Authorisation : You can also complete the NACH authorisation payment by signing a paper authorisation form on the service provider's website or app and uploading it. Once the authorisation form is uploaded, you will receive a notification on the Paytm app asking you to approve the authorisation using your password. After approval, the authorisation will be set up successfully and the amount will be deducted automatically at a frequency of your choice.

With our services, you will enjoy the following benefits:

- Service providers: easy collection and dispute resolution, low operating costs, fast transaction processing, less paperwork.

- Users: no extra fees, secure transactions, less paperwork, fast processing.

Now, once you know about these two recurring payment services, make sure you choose the one that best suits your needs. Set it up just once and you won't have to worry about forgetting to pay anymore.