Skip to main content

Well now risk-free insurance, mutual fund products are offer by Paytm Payment Bank in this year in the month of June: MD

        Well in this year Paytm Payment Bank planning to launch risk free insurance and mutual fund products by June this year, In this decision campany enter new market and play a game the company's MD and CEO Satish Kumar Gupta said Wednesday.

        In this situation company are offer scheme which maybe benefical for general people  of the country.  Well company "have got approval from the RBI very recently."We are working with our partners... It would be a good business stream of revenue generation for us. We are planning to launch the services within the first quarter of the current fiscal... we will launch the services before June," Gupta told PTI on the sidelines of the bank's branch opening here.

    As on date, the Paytm Payments Bank has 4.4 crore savings bank account with deposit of over Rs 400 crore; and there are as many as 26 crore wallet accounts, Gupta said.
He also said that the payments bank plans to onboard customers digitally without opening many branches.
The bank offers two types of accounts -- one is wallet account and the other is a savings account both with a limit of up to Rs 1 lakh deposits, with an interest rate of 4 per cent.
Gupta said 80 per cent of the bank's customers are wallet account holders.
Paytm Payments Bank was incorporated in August 2016 and formally began its operations in May 2017 from a branch in Noida.

The Delhi branch is the second branch of the bank. Well now many people want to invest there saving and make Profit that why paytm Payment Bank are come and start this scheme in month of june.

It has presence in over 650 districts across the country. Banking transactions happen digitally as well as through business correspondent (BC) model with 2 lakh such entities onboard.

A BC is a representative authorised to offer services such as cash transactions where the lender does not have a branch

Labels:
Location: India Delhi

Comments

Post a Comment

Popular posts from this blog

The problem of educated unemployment

                The problem of educated unemployed         Our educational board university and other institution are producing lacs of literates, graduats and post graduats every year.         But those youngs mens and womens does not get any jobs and they all get depressed and restless . They all think that their time and money which they spend on their education has gone waste .     Soluation of this problem :-        1.  The government should promote the INDUSTRALISATION . In this way many business get sufficient oppountunity to growth themself. It generated employment.        2. The government should also promote GLOBALISATION . In this way free flow of capital are possible and new company are enter in economy with huge investment.             3. Well the unemployed student must learned new skill and technique and doing their own business and become self employed .       4. Student should be choice RIGHT COURSES where they get oppountunity to earn incom
Post a Comment
Read more

Did today generation need the OUTDOOR games ?

          Need And Value Of outdoor games " Sound mind in Sound body"               Most children today remain busy with the television , Mobile phone and computer games. They hardly give any time to physical activity. They really nothing know about any outdoor game. Well outdoor game are play important role in ourlife.              Well thier are many benefit of outdoor game. Physical exerise in the only way to keep us safe from ailments. And for children there can be no better physical exercise than they can get through outdoor game.              Well another benefit of outdoor game develops a sense of brotherhood, friendship, equality justice and moral spirit etc. We  find the children  become more and more self bevious,  Inviolent and tolerant etc.If child play outdoor game then their are mental growth and physical growth both are increase. Both are important and they need those kind of activity which help to develop its.
1 comment
Read more

Why Democracy is strong form of govenment

      DEMOCRACY  :- The most Suitable form of government for India or any nation      Democracy means is the government of the people, by the people and for the people. In other word equal right for all. The head of the government has the same right which the commen man has. Some facts about democracy:-      1. Well India is largest democracy country . Their are many culture religion and class but they all have equal right . Example voting right.      2. Almost all the country of the world are now adopt democracy . Well this system provide many right and autonomy to general public. They get power to chose their leder.     3. Well it deduces gender discrimination in society. In this way all get equal right which given by democracy to general public and the feeling of  being united in having equal right and opportunity.      4. People able to protest if they feel any injustice is being done by the government. They all have full authority to protest and express their
Post a Comment
Read more