Is This True???? - Paytm set to open its Bank n...

Is This True???? - Paytm set to open its Bank next year, to offer 14.50% interest rate on Savings Account

Score: 2 Votes: 2
Score: 2 Votes: 2
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Deal Lieutenant
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Is This True???? – Paytm set to open its Bank next year, to offer 14.50% interest rate on Savings Account

The e-commerce payment platform Paytm will soon be opening the brick-and-motor banking institution in India. The information has from our close sources who says that Paytm bank will be open as early as next year. The Indian e-commerce website was granted payment bank license by RBI only last year along with 10 other entities like Reliance Industries, Vodafone, Airtel and a few more.

More On – http://www.pc-tablet.co.in/breaking-paytm-set-o...
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17 Comments  |  
13 Dimers
A2z1
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Deal Subedar
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Yes It is true. It has already got the licence for opening banks by RBI. About 14% interest rate, it’s almost impossible to give that much return on a saving account.

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Deal Subedar
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14%? No way.

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Deal Cadet
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Off topic- Today I came across a you tube channel of pc-tablet and it was the first time I saw a tech channel run by female. They have a nice collection of videos.

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Deal Captain
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Deal Subedar
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not sure about 14%

agar aapko pakkaa news meel jaaye to bataa dena yaha, kab tak 14% dega – clarity lena jaroori hey.

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Deal Subedar
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@bip100 wrote:

Off topic- Today I came across a you tube channel of pc-tablet and it was the first time I saw a tech channel run by female. They have a nice collection of videos.


which channel ? https://cdn3.desidime.com/assets/textile-editor/icon_lol.gif

Stupendous man
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The interest will be in given Paytm wallet and would rather be called ‘cashback’. Don’t worry they would bridge the gap just like they did with actual ‘discount’ and cashback. Janta would not even notice the deference between actual money saved and virtual money. #JustKidding

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Deal Cadet
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@desibuddy wrote:


@bip100 wrote:

Off topic- Today I came across a you tube channel of pc-tablet and it was the first time I saw a tech channel run by female. They have a nice collection of videos.


which channel ? https://cdn3.desidime.com/assets/textile-editor/icon_lol.gif

Search ‘pc-tablet’ on YouTube. They have 162 videos.

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@ishubhamsr wrote:

Yes It is true. It has already got the licence for opening banks by RBI. About 14% interest rate, it’s almost impossible to give that much return on a saving account.


That’s how your burn your VC funding 😂

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Deal Cadet
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@Stupendous Man wrote:

The interest will be in given Paytm wallet and would rather be called ‘cashback’. Don’t worry they would bridge the gap just like they did with actual ‘discount’ and cashback. Janta would not even notice the deference between actual money saved and virtual money. #JustKidding

Even if they do this. I am happy with that.

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Budding Star
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None of the banks offer even 14% as FD Interest

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Deal Subedar
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@saurabh1 wrote:

@ishubhamsr wrote:

Yes It is true. It has already got the licence for opening banks by RBI. About 14% interest rate, it’s almost impossible to give that much return on a saving account.


That’s how your burn your VC funding 😂


They do have a lot. https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif BTW paytm is doing fine currently.

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Deal Lieutenant
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Now waiting for Who can give Loan at Below 10% https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif

Stupendous man
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@bip100 wrote:

@Stupendous Man wrote:

The interest will be in given Paytm wallet and would rather be called ‘cashback’. Don’t worry they would bridge the gap just like they did with actual ‘discount’ and cashback. Janta would not even notice the deference between actual money saved and virtual money. #JustKidding

Even if they do this. I am happy with that.


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