IndusInd Bank has entered into tie-up with Paytm Payments Bank for fixed deposit facility. This tie-up introduces a facility to create a fixed deposit when Paytm customer balance exceeds Rs 1 lakh at the end of the day.
Paytm Payments Bank customers can redeem their deposits instantly, anytime without paying any pre-closure or miscellaneous charges and can earn up to 6.85 percent annual interest. Additionally, if a customer becomes a senior citizen before the maturity period, the account will be auto-renewed under the senior citizen scheme, thus earning higher interest.
IndusInd Bank, which commenced operations in 1994, caters to the needs of both consumer and corporate customers. As on June 30, 2017, IndusInd Bank has 1210 branches, and 2090 ATMs spread across 687 geographical locations of the country.
