Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1927)

2018-01-07 Banking

1927.

Paytm Payments Bank partnered with this bank for FD Facility.

Lakshmi Vilas Bank

Yes Bank

Allahabad Bank

Induslnd Bank

Answer: Option

Explanation:

Paytm Payments Bank partnered Induslnd Bank to introduce a facility to create a fixed deposit (FD) when the customer balance exceeds Rs. 1 lakh at the end of the day. Paytm Payments Bank customers can redeem their deposits instantly, anytime without paying any pre-closure or miscellaneous charges and can earn up to 6.85 percent annual interest.