Paytm launches Payments Bank with 4% interest rate
Vijay Shekhar Sharma-led digital wallet Paytm on Tuesday launched its Payments Bank operations in Delhi-NCR, with 4% interest on savings account. The bank will accept deposits of upto â¹1 lakh per customer in a savings or a current account with a zero-balance requirement. Paytm received licence from the RBI to open payments bank in 2015.