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Risk free deposits | Go for Risk-Free Deposits and Be HappyBroke a phone and it requires repairing? Forgot your anniversary and need a gift for your spouse urgently? See damp onthe walls of your living room and need home renovation? Have a toothache and need to visit a dentist? Whenever an unexpected situation arises youimmediately reach out to your emergency fund in your savings account. You open a savings account when you seek for financial independence but there are afew important things to be considered when you open a savings account.Save Risk-Free RegularlyWhenever you open a savings account with a bank, the firstthing you must ensure is that your hard-earned money is completely safe, available to you 24 x 7 and is not converted into any risky assets by the bank. As,recently there have been many instances where customers couldn’t get access to their money when they genuinely needed it or had to bearunexpected losses.However, to eliminate this serious problem, RBI is making sure that its guidelines are being strictly followed across various publicand private sector banks including payments banks like Paytm Payments Bank. When you open a savings account with Paytm Payments Bank, your money iscompletely safe as the bank doesn’t go beyond government securities and FDs . You can easily withdraw your money as and when you need.The savings account holders at PPBL get various other benefits like a Free Virtual Debit Card forinstant online purchases and payments and a Fixed Deposit that allows them to earn up to 6.5% interest per annum.Only Simple Algorithm A savingsaccount helps in saving more money and encourages budgeting too, quite often. Paytm Payments Bank’s savings account with its FD facilityensures that people plan for a secure future. From the comfort of your home, you can easily open your savings account via Bank icon on Paytm App.The money incustomer’s savings account belongs entirely to the account holder and is only deposited in risk-free deposits to keep the customersempowered always.If you don’t want to commit the silly mistake that Raju had committed in ‘Phir Hera Pheri’ bytrusting Anuradha’s scheme of doubling his money to make him a millionaire in 25 days, you must have a savings account to save money regularly.Open a savings account at Paytm Payments Bank today to keep your savings and investment intact for a brighter future.*FD is with partner bank*PPBL– Paytm Payments Bank LimitedLearn MoreUpdated on 15/02/2021