Announcing the launch of a current account service with no minimum balance required -:- www.deekpay.com

We are pleased to announce the launch of Zero Balance Current Account service with the following key features: interest earning on fixed deposit balances in individual current accounts, no minimum balance requirement, no hidden fees for transactions (NEFT/IMPS/RTGS), real-time updating of bank passbook information, integrated bill payment service, easy management of payments and transfers through the internet banking panel, provision of a batch payment mechanism for payroll or reimbursement disbursement, etc. batch payment mechanism, etc. We aim to serve over 40 million Indian small and medium businesses that do not have access to free current accounts. However, our current account services have been designed keeping in mind the usage habits and needs of small merchants/merchants as well as large businesses and corporates.

Benefits for small and medium-sized businesses:

This is a zero-balance account that will be of benefit to businesses that are unable to meet the minimum balance requirement for current accounts and have to pay the associated fees. Account holders will also enjoy free banking services and a user-friendly internet banking panel that is highly secure and easy to execute and track transactions. They can make unlimited deposits without paying any fees. This feature is especially useful for shopkeepers with high daily cash receipts. In addition, there is no limit to the number of transactions that an account can make on the same day.

Account holders with an end of day balance of more than Rs. 10,000 will be automatically transferred to a current account in a co-operative bank and they can instantly redeem the amount held with the co-operative bank at any point of time.

Benefits for Large Businesses:

With the internet banking panel, businesses can easily execute various transactions without worrying about tracking details and security. Businesses can customise the approval matrix according to their business needs. They can initiate bulk payments, transfer salaries, reimbursements or other payments to employee bank accounts.

Below is a snapshot of the Internet Banking panel:

The process of opening a current account:

The process of opening a current account with us is very simple and here are the steps involved:

The applicant provides us with mobile number which is verified through SMS verification code (OTP) and fills up the form to provide the business details. Complete KYC verification is required for all authorised signatories and beneficial owners of the company. Once the document verification is approved, the account can be opened.

Watch the video below to learn more:So, now that you have learnt about the advantages of Paytm Payments Bank current account, make sure you open an account today.

Click here to open a current account

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Click here and one of our business team will be in touch with you shortly.

Read the Hindi version of this blog.