Today, we are proud as India's Finance Minister Shri Arun Jaitley officially unveiled Paytm Payments Bank. This is India's first mobile-first bank that offers zero fees for online transactions, no minimum deposit requirement and a complimentary virtual debit card. The gala event was also attended by other honoured guests including P. Vijaya Bhaskar, former Executive Director, Reserve Bank of India, and Dilip Asbe, Interim CEO, National Payments Corporation of India (NPCI).:- www.deekpay.com

Vijay Shekhar Sharma, Founder and CEO of Paytm said, "India is on the cusp of a financial revolution. The demographics and access to financial services will create a large number of jobs in our country and Paytm is honoured to be a part of this financial services revolution.Paytm Payments Bank is committed to creating numerous jobs in the long run."

Renu Satti, Managing Director and Chief Executive Officer, Paytm Payments Bank Limited, said, "Paytm Payments Bank is India's largest mobile-first, technology-driven bank. With our reach, we will bring a large number of unserved and underserved segments into the mainstream economy. We are committed to providing the most transparent, secure and trustworthy banking services to the masses."

Paytm Payments Bank is truly India's mobile-first bank with zero fees on all online transactions and no minimum deposit requirement. The bank aims to help achieve financial inclusion in India and our goal is to integrate 500 million Indians into the mainstream economy. We plan to invest $500 million in our customer identification (KYC) operations. We are in the process of setting up KYC centres across India to complete identity verification for our customers to make them eligible to open payment bank accounts.

Here are the important features of Paytm Payments Bank:

- Fast paperless account opening

- Savings on account interest

- Zero-fee account with no minimum deposit requirement

- Free of charge for all online transactions (e.g. IMPS, NEFT, RTGS, UPI)

- Complimentary personalised RuPay digital debit card

- Cash withdrawals at any ATM

- Enjoy personalised banking services at over 100,000 Paytm ka ATM locations across India.