What are advantages of having an FD in PAYTM.?
PAYTM has always been one of the most trsuted banks in India over the year. Do you know that PAYTM has recently launchd an FD scheme which way cooler than any other FD scheme available in the market? Seems interesting right?. Now read on to know the advantages of having an FD in PAYTM payments bank.
1. Higher interest rates: PAYTM payments bank now has a tie up with IndusInd bank and will offer you a handsome interest rate of 7%. Other Nationalised and Private sector banks like HDFC bank, SBI bank and Canada bank will only offer a mere 5.25% interest annually.
2. Break the FD whenever you want without any penalty charges. Yes! It's true. We can withdraw our money with additional charges for early withdrawal. It's hard believe right because our big banks like HDFC, ICICI, Axis and many such banks will cut short the interest rate by 1% which will reduce the return on investment (ROI) by a huge margin. So, in the aspect of flexibility the FD offered by PAYTM payments bank has a clear edge over other orthodox FDs.
3. Amount can be withdrawn easily anywhere, anytime. The amount can easily be withdrawn at our convenience whenever and wherever we want without the hastle of going to banks and waiting in the long queues.
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