Paytm payment bank fixed deposit

63°
Deal Lieutenant
Imharsh

Is it safe to do FD in Paytm payment bank of amt. 2 lakh for 1 yr? currently interest is 7% in PPB and in SBI 5.5%. SBI FD of 2 lakh is going to mature in June 2020

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Generous Generous
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Safe – Yes

Peace of mind – NO

Deal Subedar Deal Subedar
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Safe, yes. I think they tied up with Rbl or Indusind. Have been using for past a year and half. No issues faced. But might as well check out niyo

Deal Cadet Deal Cadet
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its very risky not suggested its only virtual bank

Deal Subedar Deal Subedar
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https://cdn0.desidime.com/attachments/photos/617172/original/Screenshot_2020-05-16-15-48-53-337_com.fss.indus.jpg?1589624379

Generous Generous
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Not so comfortable with IndusInd. I have an account with IndusInd and couple of months back moved all of my funds. There might be something going on which they are not telling. So just be careful with IndusInd deposits.

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