Paytm Payments Bank Cash deposit, Cash Withdrawal and Fund Transfer Charges

Paytm has recently launched its Paytm Payments Bank with similar features of any traditional bank in India. Paytm Payments Bank offers no minimum balance maintenance requirement and zero fees on online transactions. Here is a schedule of charges for all services Paytm payments Bank offers.

Paytm Payments Bank Charges for Savings Account: Schedule of charges

DESCRIPTIONCHARGES
Minimum account balancezero
Interest rate4% annually, payable monthly
Online funds transfer
To another Paytm Payments Bank account or Paytm walletFree unlimited
IMPSFree unlimited
UPIFree unlimited
NEFTFree unlimited
Debit card and cheque book
Rupay Debit CardFree
Physical Plastic Rupay Debit Card annual chargesRs. 100 + delivery charges
Lost card replacementRs. 100 + delivery charges
Cheque book (10 leaves)Rs. 100 + delivery charges
ATM transactions
Non-metro locations5 free every month; post that
– Cash withdrawal: Rs. 20/txn
– Balance check, Mini statement: Rs. 5/txn
Metro locations3 free every month; post that
– Cash withdrawal: Rs. 20/txn
– Balance check, Mini statement: Rs. 5/txn
Statements and Certificates
Online passbookFree
Email statementsFree
Physical statements / certificatesRs. 50 + delivery charges
Free for Women, Senior Citizens, and Armed Forces Personnel
Time Norms for transactions
Mobile Banking24 hrs
IMPS24 hrs
UPI24 hrs
NEFT8:00 AM – 6:30 PM

2. Schedule of charges: Paytm Wallet

NATURE OF TRANSACTIONCHARGES
Loading money into Paytm walletNIL
Online purchaseNIL
Paytm to Paytm Wallet TransferNIL
Paytm Wallet to Bank Transfer – Non-KYC Customer3%
Paytm Wallet to Bank Transfer – KYC Customer (Aadhaar verified)3%
Paytm Wallet to Bank Transfer – Business PartnerAs per terms with Business Partner

 

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