HomeBusinessPaytm Bank partners with Suryoday Small Finance Bank for Fixed deposit service

Paytm Bank partners with Suryoday Small Finance Bank for Fixed deposit service



Digital Banker, Paytm Payment Bank has announced its partnership with Suryoday Small Finance Bank to facilitate fixed deposit services for its account holders.

“With this new partnership, Paytm Payment Bank Ltd (PPBL) has become the first payment bank in the country to launch the multi-partner FD service where account holders can select the partnered bank as per their preferences,” the Bank in its statement said.

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“The account holders can also compare various features such as minimum investment, interest rate, tenure, among others before making a decision,” it added.

Speaking on the partnership, Satish Gupta, MD & CEO of Paytm Payments Bank Ltd said, “We are excited to partner with Suryoday Bank to offer flexibility to our account holders to choose their partnered bank after analyzing the benefits and it’s convenience. This is aligned with our mission to drive financial inclusion where more users benefit from such services and develop a habit of long-term savings.”

“As a small finance bank, we focus on delivering innovative products and solutions with great customer experience. This partnership will further enable us in providing an alternate digital platform to the customers, helping them to mobilize their savings more meaningfully,” Baskar Babu, MD & CEO Of Suryoday Small Finance Bank said.


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Krishna Mali
Krishna Mali
Founder, CEO & Group Editor of TechGraph.

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