Paytm Payment Bank is a digital bank that offers a range of financial services to its customers. With a Paytm Payment Bank account, you can avail of various benefits such as cashback, free online transactions, and no minimum balance requirement. In this article, we will guide you on how to create a Paytm Payment Bank account in a few simple steps.
Download the Paytm app
The first step to create a Paytm Payment Bank account is to download the Paytm app from the Google Play Store or the Apple App Store, depending on your device.
Sign up for a Paytm account
Once you have downloaded the app, open it and sign up for a Paytm Payment Bank. You can sign up using your mobile number or email address. If you already have a Paytm account, you can skip this step.
Verify your mobile number
After signing up, you will receive an OTP (one-time-password) on your registered mobile number. Enter the OTP to verify your mobile number.To locate a Paytm KYC center near you, go to the ‘Profile’ section of the Paytm app, click on ‘Complete KYC,’ and then select ‘Locate nearby KYC points.’
Complete your Paytm KYC
To create a Paytm Payment Bank account, you need to complete your KYC (know your customer) process. You can do this by visiting the nearest Paytm KYC center or by requesting a Paytm Payment Bank executive to visit your location for verification.
To locate a Paytm KYC center near you, go to the ‘Profile’ section of the Paytm app, click on ‘Complete KYC,’ and then select ‘Locate nearby KYC points.’
Alternatively, you can request a Paytm Payment Bank executive to visit your location by clicking on ‘Request a Visit’ in the ‘Profile’ section of the app. The executive will verify your documents and complete your KYC process.
Create a Paytm Payment Bank account
Once your KYC is complete, open the Paytm app and click on the ‘Bank’ icon on the home screen. Next, click on ‘Open a Savings Account’ and follow the on-screen instructions to create your Paytm Payment Bank account.
You will need to provide your personal details such as name, date of birth, and address. You will also need to set a 4-digit MPIN (Mobile Personal Identification Number) to secure your account.
Deposit money into your account
After creating your Paytm Payment Bank account, you can deposit money into it by clicking on the ‘Add Money’ button on the home screen of the app. You can add money to your account using various payment options such as credit/debit cards, net banking, or UPI (Unified Payments Interface).
Start using your Paytm account
Congratulations! You have successfully created a Paytm Payment Bank account. You can now start using it to avail of various financial services such as online transactions, cashback offers, etc
Creating a Paytm Payment Bank account is a simple and hassle-free process. By following the above steps, you can create your account in just a few minutes and start availing of its benefits. So, if you are looking for a digital bank that offers convenience, security, and attractive benefits, Paytm Payment Bank is a great option to consider.