How to open a Paytm Payments bank account

The procedure of opening a Paytm Payments Bank account is easy to understand and can be finished online. Here are the detailed steps to open your account:

First, get the Paytm app.

Get the Paytm app from the Apple App Store (iOS) or Google Play Store (android) if you don’t already have it. Make sure you have the most recent version of the app if you already have it.

Step2: Finish the KYC Procedure

You must finish the Know Your Customer (KYC) procedure in order to open a Paytm Payments Bank account. How to do it is as follows:

1. 1. Launch the Paytm application and press the “KYC” symbol

After entering your Aadhaar number, click “Submit”

Enter the One-Time Password (OTP) that you were sent to your registered cellphone number

.Enter your personal information, including your name, address, and birthdate.

• Snap a selfie and submit a crisp image of your Aadhaar card

Choose “Paytm Payments Bank” as your bank of choice.

Video KYC: Step 3

Following the submission of your KYC information, you will have to finish a video KYC procedure. A link to begin the video KYC will be sent to you; use your smartphone to complete it. You will be required to reveal your face and offer some further information during the video KYC.

Step4: Configure Your PIN

You will be prompted to create a six-digit PIN for your Paytm Payments Bank account after your video KYC has been validated. To access your account and make transactions, you will need to enter this PIN.

Activating the account is step five

Your Paytm Payments Bank account will be activated once you have set your PIN. A confirmation message will be sent to you, and the Paytm app will provide access to your account information.

Step 6: Begin Utilizing Your Account

Once your bank account for Paytm Payments is active, you can begin utilizing a number of advantages, including:

• • Money transfers and receipts

Recharging and paying bills

Getting interest on your investments

Making an electronic debit card for use in online transactions

For offline transactions and ATM withdrawals, requesting a physical debit card

Never divulge your PIN or OTP to any parties in order to maintain the security of your account. You may activate extra security measures like transaction alerts and two-factor authentication using the Paytm Payments Bank app’s settings.

Note: Depending on the Paytm Payments Bank’s current policy, the particular procedures and prerequisites may change slightly. Use the official Paytm app or website, or get in touch with customer service, for the most recent and accurate information.