What will happend to indusind FD opened thorugh Paytm?

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Deal Newbie
vishnu612

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 Subedar Deal Subedar
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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 

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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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