One of the Indias largest payment and commerce company Paytm has launched Payments Bank. Paytm calls this as India’s first bank with zero charges on online transactions, no minimum balance requirement and free virtual debit card.

Paytm announced in a blog post says that “Initially, we are making the Paytm Payments Bank available on an invite-only basis. In the first phase, we will roll out the limited version of the banking app for our employees and associates”.

The account will have zero balance requirement and every online transaction will be free of charge. Physical services like chequebook, demand draft, and the debit card also will be available at a nominal fee. Also, you can earn an interest of 4% per annum. Paytm Payments Bank is currently available only via invitation.

How to Get a Paytm Payments Bank Invite?

How to get a Paytm Payments bank invite? It’s really easy.

1. Go to Paytm.com/bank

2. Scroll down and click on “Request an Invite”.

That’s it. You have successfully requested an invite for Paytm Payments Bank.

Request through Paytm App

You can also request a Paytm Payments Ban invite through the app. You should upgrade to the latest version of the App to request an invite.

 

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