Paytm Payments Bank joins hands with Suryoday Bank to launch fixed deposit product! :- www.deekpay.com

Fixed Deposits (FDs) have long been the preferred mode of investment for many Indians. Why is this? Because it offers lower risk and guaranteed returns. Previously, Paytm Payments Bank offered fixed deposits only in partnership with IndusInd Bank with a minimum investment of Rs. 100. However, recently, Paytm Payments Bank has added a well-designed feature - Multi-Partner Fixed Deposits. With this feature, Paytm Payments Bank has become the first digital payments bank in India to launch such a feature to further enhance the user experience.

Multi-Partner Time Deposit - Features

Unique: Paytm Payments Bank found that youngsters preferred fixed deposits over other investment options. Hence, the team decided to launch a unique solution. The multi-partner fixed deposit feature will encourage more people to secure their future. Additionally, the bank has already enhanced the experience of many users by offering an 'Auto Creation of Fixed Deposits' feature, which allows users to swipe to set limits and automatically create fixed deposits with partner banks.

Transparent: We believe in transparency and so do our partner banks. When you book a fixed deposit, we make sure that you see the name of our partner bank to ensure that there is no hidden information, and this transparency gives you confidence when investing. At the same time, it reduces risk so that your investment can pay off handsomely in the future.

Choosing the right bank for your investment: Depending on your preferences, trust, needs and comfort level, you can choose the co-operative bank where you wish to book your fixed deposit. You can also compare various features such as minimum investment amount, interest rate, tenure etc. before making your choice.

Multi-Partner Time Deposits - Benefits

New Customers: When booking a time deposit, new customers can choose any one of our multiple partner banks for their convenience.

Existing Users : When you book a Fixed Deposit through us with a partner bank, you can see the name of the bank you are booking with very clearly. You can select/change the bank at any time in the profile section on the Paytm Payments Bank homepage.

All users: All users who have booked a time deposit through us with a partner bank will be able to see their previous time deposits as well as the name of the partner bank. More information? There is a single page covering the details of each transaction, such as the amount, the interest accrued on the time deposit and the name of the partner bank. In addition, you can redeem your time deposit at any time without penalty.

Paytm Payments Bank continues to introduce new and unique features to simplify banking for all users. We are committed to providing time-saving and user-friendly solutions to the complex digital banking problems you may encounter. Moreover, to keep you updated about all our new and upcoming features, we regularly update our 'Blog' section so that you don't have to hunt around for important information.

We listen to your needs and create new features for you.

Stay tuned!

Please note: The screenshots shared above are for reference only, the actual app interface may change due to new features and information updates.