FD Maturity at Paytm Payments Bank is 13 months with 7% interest. The uniqueness of this FD is that there is no charge to break the FD before the maturity period.
Fixed deposits are the most popular investment tool for savings in India. Over the past few years, FD rates of many banks, including SBI, ICICI Bank and HDFC Bank, have fallen sharply. In such a situation, we are going to tell you even today, Paytm Payments Bank will provide FD facility to provide FD facility at the rate of 7% even in the current catastrophic circumstances.
Partnership with IndusInd Bank Payments Bank is not permitted to provide fixed deposit facilities directly. That is why Paytm Payments Bank has partnered with IndusInd Bank. However, interest rates are set by IndusInd Bank.
Maturity period is only 13 months
FD Maturity at Paytm Payments Bank is 13 months with 7% interest. The uniqueness of this FD is that there is no charge to break the FD before the maturity period.
Interest rates of some other banks- >> AU Small Finance Bank – Here you get interest at the rate of 7%.
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>> DCB Bank – 6.95 per cent interest is being received here. The investment of Rs 1.5 lakh in this bank will increase to Rs 2,11,696 after 5 years.
>> IDFC Bank- Here comes 6.75 per cent interest. After 5 years, the investment of Rs 1.5 lakh in DCB Bank will be Rs 2,09,625.
>> RBL Bank – This bank is offering 6.75% interest on 5 year FD. Here your Rs 1.5 lakh will be Rs 2,09,625 after 5 years.
>> Yes Bank – It pays interest at the rate of 6.25 per cent, based on which you increase by Rs 1.5 lakh to Rs 2,09,625.
>> Deutsche Bank and Ujjivan Small Finance Bank – paying 6.25 per cent interest on 5 years FD. After an investment of Rs 1.5 lakh for 5 years, this amount will increase to Rs 2,02,028.
>> Bandhan Bank and Karur Vysya Bank – Receiving 6% interest on 5 year FD. After investing Rs 1.5 lakh in these two banks, it will increase to Rs 2,02,028 crore in 5 years.
