Paytm Payments Bank : Cashback on Deposits, ATM Withdrawal Limits, and Other Details
1. Paytm bank offers cashback on deposits - If you transfer more than Rs. 25,000 into your Paytm payments bank account, you will get a cash back of Rs. 250 (1 percent), up to four times.
2. 4 percent interest rate - A big difference between a wallet and a payments bank is that the latter can offer interest. Paytm will be paying 4 percent per annum. This is lower than the 7.5 percent interest that Airtel payments bank is offering, and in line with what you get from Axis, ICICI, and HDFC.
3. No minimum-balance requirements, no charges for online transactions - There is no minimum balance requirement for the bank account. Also, online transactions (such as IMPS, NEFT, RTGS) will not have any charges.
4. Paytm bank offers debit cards but no credit cards - Unlike wallets, payments banks can offer debit (but not credit) cards. According to Paytm's website, physical services such as a chequebook, demand drafts, and debit cards, will be available from the Paytm payments bank, at a nominal fee. Interestingly, Airtel isn't offering a physical debit card, but a virtual one to use online. The Paytm bank will issue a Rupay debit card, which will be free, but it will charge Rs. 100 + delivery as an annual fee; a lost card replacement will also be Rs. 100 + delivery. A 10-leaves chequebook will also cost you Rs. 100 + delivery charges.
5. ATM withdrawals on Paytm bank debit cards - Paytm isn't bringing out its own ATMs. However, its debit card can be used with no charges five times at any non-metro ATM, or three times at metro ATMs. After that there will be a Rs. 20 cash withdrawal charge, while other transactions such as balance checks will cost Rs. 5.
Paytm Bank: Cashback on Deposits, ATM Withdrawal Limits, and More Details - 
