This is one of the oldest and top payment banks. After licensing, Bharti Airtel started this payment bank through its subsidiary. The Airtel Payment bank provides an interest rate of 5.5% in its saving account. The rate is higher than regular banks which give 3.5 for a 4.0% interest rate. Initially, Airtel Payment Bank was giving a 7.5% rate.
This is one of the oldest and top payment banks. After licensing, Bharti Airtel started this payment bank through its subsidiary. The Airtel Payment bank provides an interest rate of 5.5% in its saving account. The rate is higher than regular banks which give 3.5 for a 4.0% interest rate. Initially, Airtel Payment Bank was giving a 7.5% rate.
India Post Payment Bank
India Post Payment Bank
India Post Payment Bank is one of the most convenient Payment banks. As this bank would be available at most the post office. You can deposit Rs. 25,000 for 4.5%, Rs. 50,000 for 5%, and Rs. 1,00,000 for 5.5% The government is planning the postman on your home for cash deposit and withdrawals.
India Post Payment Bank is one of the most convenient Payment banks. As this bank would be available at most the post office. You can deposit Rs. 25,000 for 4.5%, Rs. 50,000 for 5%, and Rs. 1,00,000 for 5.5% The government is planning the postman on your home for cash deposit and withdrawals.
Fino Payment Bank
Fino Payment Bank
Fino Payment bank has got the third position in the PB list. It has not been advertised.The Fino Payment bank has its own branches in 410 places. It has 25000 banking points across the country. Further, it is present at BPCL petrol pumps. The Fino Payment bank does not provide any higher interest rates. The bank has charged 1% for the remittance. Fino has partnered with ICICI Bank.
Fino Payment bank has got the third position in the PB list. It has not been advertised.The Fino Payment bank has its own branches in 410 places. It has 25000 banking points across the country. Further, it is present at BPCL petrol pumps. The Fino Payment bank does not provide any higher interest rates. The bank has charged 1% for the remittance. Fino has partnered with ICICI Bank.
Paytm Payment Bank
Paytm Payment Bank
Paytm is now another big Payments Bank (PB) in 2023. The bank heavily promoted its payment bank. it would have 1 lakh outlets for taking cash deposits and withdrawals. It opens a zero-balance account. The Free Insurance cover Rs. 2 lakhs. It provides a free Digital Rupay Debit card. You can get a physical debit card on request. The charge for the physical card is Rs. 125. For a full KYC, you have to visit the Paytm KYC centers.
Paytm is now another big Payments Bank (PB) in 2023. The bank heavily promoted its payment bank. it would have 1 lakh outlets for taking cash deposits and withdrawals. It opens a zero-balance account. The Free Insurance cover Rs. 2 lakhs. It provides a free Digital Rupay Debit card. You can get a physical debit card on request. The charge for the physical card is Rs. 125. For a full KYC, you have to visit the Paytm KYC centers.
Jio Payment Bank
Jio Payment Bank
On 3rd April 2018, RBI announced the launch of this bank. But, Jio has not provided any details of the Jio Payment bank. Jio can utilize its store as a branch of the bank. We are expecting that Jio might shift its Jio Money customer to the Jio Payment bank.
On 3rd April 2018, RBI announced the launch of this bank. But, Jio has not provided any details of the Jio Payment bank. Jio can utilize its store as a branch of the bank. We are expecting that Jio might shift its Jio Money customer to the Jio Payment bank.
NSDL Payments Bank Limited
NSDL Payments Bank Limited
NSDL is now one of the largest securities depositors in the world. The bank handles most of the securities in the form of dematerialized form in India. NSDL Jiffy permits the paperless and queue-free process to farm the account opening to fund transfer, bill payments, and investments.
NSDL is now one of the largest securities depositors in the world. The bank handles most of the securities in the form of dematerialized form in India. NSDL Jiffy permits the paperless and queue-free process to farm the account opening to fund transfer, bill payments, and investments.