India’s largest digital bank is stretching its reach across every corner of the country in an effort to bringing banking access near you. Paytm Payments Bank has announced specially branded outlets called ‘Paytm Ka ATM‘ making banking simpler and more accessible for one and all.
Paytm Ka ATM are branded outlets having local banking correspondents who help you in providing basic banking services. Through this outlets, you can open a Saving Account in Paytm Payments Bank. You will be able to deposit and withdraw money from your Paytm Payments Bank account. Just like an ATM service, but with an additional assistant from a dedicated banking correspondent.
In the first phase, Paytm has started 3,000 ‘Paytm Ka ATM’ outlets in selected Indian cities. Some of these cities where you could find these specially branded outlets includes Delhi NCR, Lucknow, Kanpur, Allahabad, Varanasi and Aligarh. Paytm also plans to add over 100,000 Paytm Ka ATM banking outlets across India in the coming months.
Paytm Ka ATM benefits
- Local banking correspondent to help you in basic banking services.
- Can open Savings Account with Paytm Payments Bank.
- Deposit and withdraw money from your Paytm Payments Bank account.
- Over 100,000 Paytm Ka ATM banking outlets across India within three years.
For the ‘Paytm Ka ATM’ initiative, the company has committed Rs 3000 Cr over the next three years. This will help Paytm to expand its offline distribution network by allowing trusted local partners to act as potential cash-in and cash-out points.
In addition to the offline presence, Paytm as introduced a dedicated ‘Bank’ section on its app. From there, you can access the entire range of banking services provided by Paytm Payments Bank. This includes passbook, payments, virtual debit card, help and support among others.