Paytm Payments Bank has also partnered with SSFB after IndusInd Bank.
Paytm Payments Bank (PPBL), which provides digital payment facility, has partnered with Suryoday Small Finance Bank (SSFB). With this, PPBL customers have got two options to choose a partner bank for a fixed deposit.
- January 19, 2021, 6:56 PM IST
Paytm Payments Bank is currently offering FD facility to its customers with a deposit of at least 100 rupees in association with IndusInd Bank. Now, with the new partnership with SSFB, PPBL has become the first payments bank in the country to offer multi-partner FD service. This will allow customers to choose one of the two partner banks. PPBL said that customers will now be able to compare the offerings of both partner banks for FDs. This will give them a chance to choose better according to the minimum deposit, interest rate, FD period.
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There is no penalty for breaking FD in time PPBL Managing Director and Chief Executive Officer (MD & CEO) Satish Gupta said that we have partnered with Suryoday Small Finance Bank to provide Flexi Bill for FDs to our account holders. Customers can choose their preferred partner bank by comparing their convenience and benefits. Please tell that PPBL takes no penalty from customers for breaking FD before time. Bhaskar Babu, MD & CEO of Suryodaya Small Finance Bank, says that as a small finance bank our focus is on providing innovative products and solutions with a good customer experience. A partnership with Paytm Payments Bank will enable customers to make more savings.