Paytm | New FD Partner Suryoday Small Finance Bank
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Paytm has recently partnered with Suryoday SFB for Fixed Deposits. Now, user gets an option to select the FD partner bank while doing an FD via Paytm Bank. It’s offering an interest rate of 6.75%. Does anyone know if the DICGC insurance of 5 Lakh is separate for each of the FD partner banks (Suryoday & IndusInd) or cumulative? I think it should be the former and in that case looks like a good option to park money for a year.
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https://www.desidime.com/discussions/paytm-new-fd-partner-suryoday-small-finance-bank?page=1#post_7390836
right, so it should be 5 lakh per partner bank? I’m a bit confused as paytm is the only bank to have tie up with external banks for FD.
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https://www.desidime.com/discussions/paytm-new-fd-partner-suryoday-small-finance-bank?page=1#post_7391513
This has been since last month, but not able to create fd as they are asking for kyc again even for kyc verified accounts.
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DICGC insurance is bank wise & 5 lakh limit is for each pan within a bank.