what is paytm payment bank

The famous online payment wallet company now change to paytm payment bank. In todays time you use paytm app now change to paytm payment bank. today we telling you about what is paytm payment bank and what happen with our money which are add in our wallet of paytm we give you all answer about your question in this post.

In the competition of cashless transection the most famous company paytm now change to paytm payment bank ltd. On 23 may 2017 the first ceo of paytm bank is Renu Sati. The most important thing is for seeing the profile of Renu sati. The RBI has given the permission to paytm ro change paytm payment bank ltd &  for this on 23 may paytm payment bank is start.

What is paytm ?

Paytm is a digital wallet in which you keep your money like you keep money in your pocket and spend them when you need them.  you use this in paytm wallet or paytm website. You can say it is an e - commerce by which you can do online shopping, buy railway ticket, booking of taxi all you can do.
Also you can use paytm as bank money transfer, add money, send money like feature you can use. you can also do mobile recharge, light bill like option are present in paytm and you can easily use these feature. Now talk about paytm payment bank so just read the whole post.

What is paytm payment bank ? what happen with your money.

The paytm which you use  as a wallet is now change to paytm payment bank. few. month later, paytm got the licence to RBI and paytm transfer all his business to paytm payment bank in which the 22 crore people were involved.

the paytm payment bank is started from 23 may 2017. All customer were informed by the msg f paytm in which the information is he tell about the paytm wallet new change to paytm payment bank.  A lot of people were in doubt that

What happen with our money which are available in our paytm wallet.

Lot of people thaught that what happen with my money. Actually, companies wallet business is a part of payment bank. And your wallet amount will automatically transfer to your bank.

people were also thaught that now the paytm app was also changed but not to worry there is nothing changed in the paytm app. you all can do the work in paytm app which you use paytm before.

What changes occur ?

Those people who use paytm thought that in last what changes occur. we were tell you that changes take place are innerly that means it has no effect on his user. In present time the work is happen same as after. If you select open account option in paytm payment bank then you have provided with same service like other banks.
If you open account with paytm payment bank then you have provided with ac.  no., check book, debit card. your money will send in 15 days of your account no.

paytm payment bank provided you the profit also of your money. paytm payment bank does not provide loan to any customer. In one hand paytm payment bank provide debit card or check book and on second you have not keep over 1 lakh rupees on paytm payment bank.

conclusion

So friend now we ready to move in paytm payment bank. If you not want to do so then you have to contact with customer care before 23 may 2017.If you want to open your account in paytm payment bank then you have to active member of 6 months of paytm. we hope that paytm payment bank work faboulous. So friend how was my this post ? If you have any question related to this paytm payment bank then comment we reply as fast as we can. 

thanx