What will happend to indusind FD opened thorugh Paytm?

Deal Newbie

I have opened FD (>3L) in indusind bank through paytm because i dont want to open new account in indusind.

What will happen to these FDs because of paytm chaos? Should i close and withdraw?

Please help

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Deal Cadet Deal Cadet
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Ofcourse bro

I'm surprised that you haven't yet. 

Deal Lieutenant Deal Lieutenant
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Fd will remain with indusind if you have receipt mentioning indusind bank.

To be sure, just email indusind bank CS and your to them

Deal Newbie Deal Newbie
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I dont have receipt. Only FD no is there on paytm. Will call indusind bank and clarify
Deal Subedar Deal Subedar
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Deal's Advocate Deal's Advocate
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Paytm does not impose any penalties for the early withdrawal of a fixed deposit
At any time, the entire amount in the fixed deposit account can be redeemed

Regarding Existing Paytm FD linked IndusInd Bank 


Users can close their FD account by following the steps outlined below:

  • Sign in to the Paytm app
  • Enter your ‘passcode’ after clicking ‘Paytm Bank’
  • Then, select ‘Fixed Deposit Balance’
  • On the following screen, select ‘break your FD’
  • Enter the amount and press the ‘proceed’ button


Deal Subedar Deal Subedar
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Has anyone recently closed the Paytm FD and received funds in Paytm payments bank account? Also can we transfer the redeemed fd amount from paytm to another bank account?

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