Paytm Payments Bank registers a sharp increase in FD during lockdown; crosses Rs 600 cr mark

Bengaluru: Paytm Payments Bank Ltd said on Friday, May 8 that it has registered a sharp increase in fixed deposits during the lockdown, and crossed Rs 600 crore in FD accounts, held with its partner IndusInd Bank.

PPBL said that it offers its customers to opt for an FD account with its partner bank, allowing them to earn up to seven percent per annum interest.

PPBL said in a statement it has already crossed Rs 1,000 crore in savings accounts.