PayKun Payment Gateway : Starting a New Journey in the New Year - Opening a Current Account of an Individual Businessman with Paytm Payments Bank

Are you planning to start a brand new entrepreneurial journey in 2021? Or maybe your business was put on hold in 2020 due to the COVID-19 outbreak and now you're planning to start again with a brand new business idea? Don't worry, you've come to the right place. Numerous industries across the globe, including travel, transport, retail and more, have been severely affected by COVID-19. If your business falls into one of these industries and has suffered, don't be discouraged. While the old saying goes, "Let bygones be bygones", we believe that we have a reliable current account for you to help you restart your business journey.

New Accounts for the New Year

Many entrepreneurs or self-employed businessmen in India often use current accounts to handle a large number of day-to-day transactions. Therefore, Paytm Payments Bank (PPBL) has introduced a zero-balance current account with no minimum balance required to enable all self-employed businessmen to manage their business finances with ease.

Whether you plan to open a small grocery shop with just two employees, a startup with 100 employees or a huge organisation with more than 1000 employees, Paytm Bank can cater to your transactional needs. We have crafted a current account that is easy to open, easy to transact and requires no additional fees.

Why you should have a PPBL current account in 2021?

Easy account opening: the process of opening a current account won't take much of your time while you are busy implementing your business plans. Our 100% paperless account opening process allows you to have a current account in a matter of hours. All you need to do is start the process, provide some necessary information and leave the rest to us to verify. And just like that, you have a new current account.

No hidden fees: Yes, you will get a zero-balance current account without having to worry about maintaining a minimum balance. In addition, you can make unlimited transactions using internet banking for free.

Self-payments: you can make bulk payments quickly online through current accounts, be it through intra-bank transfers, NEFT, IMPS, Paytm wallet or UPI.

Corporate Internet Banking Panel: You will be provided with a digital Internet banking panel through which you can not only initiate fund transfers, but also view transaction history, manage beneficiaries, approve transactions, view account books, and more.

Unprecedented collection experience: you can easily generate virtual accounts to accept instant payments from NEFT, IMPS and RTGS. Not only will you receive alerts for every payment received, but you can also easily automate the reconciliation process.

Free virtual debit card: Your current account will come with a free virtual debit card that can be used to make payments on e-commerce sites, order food, buy tickets, etc. You can also pay a small fee to order a physical debit card and have it delivered to your door.

Setting up security approvals: we take every measure to keep your account safe from fraud. However, you can also create customer review rules to ensure that no transaction goes through unless you personally approve it.

We understand the challenges faced by sole traders on a daily basis. That's why we've introduced this quick-to-open, easy-to-manage current account to make banking easier and more convenient. We want all the sole traders we work with to be able to transact and manage their finances easily through our channels.

If you have any questions, feel free to contact our customer service team who are available 24/7 x 7.