Paytm Payments Bank FD Rates

The Paytm Payments Bank Limited (PPBL) offers fixed deposit accounts with investments starting as low as Rs. 100 and an interest rate of up to 5.5 %. The PPBL has made collaborations with the IndusInd bank. Due to the collaboration, the customers get an option of booking a fixed deposit account in the IndusInd bank as well.

Read more
Best Investment Options
  • Save upto ₹46,800 in tax under Sec 80C

  • Inbuilt Life Cover

  • Tax Free Returns Unlike FD

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Get Guaranteed returns along with life cover
invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*
View Plans
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans", you agree to our Privacy Policy and Terms of Use #For a 55 year on investment of 20Lacs #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp


Some features of the fixed deposits are listed below:

  • The maturity period of the fixed deposit amount in the PPBL is 356 days.

  • The interest on the maturity of the entire term is 5.5 percent.

  • An auto-renewal facility of the fixed deposit amount will be provided on maturity.

  • The redemption facility provided by the PPBL is instant.

  • The PPBL does not charge any penalty fee on customers who want to collect their amount from the fixed deposit before maturity.

  • As per the protocols of RBI on the licensing and operating guidelines for the payments bank, the daily aggregate balance for a customer does not exceed Rs.2 lakhs.

  • In any case, if the customer closes the fixed deposit account before the minimum period of 7 days, no interest will be applicable on the fixed deposit.

  • If anybody wants to renew their fixed deposits, the new deposit amount will be renewed as the previous principal deposit plus the incurred interest minus the TDS as the fresh renewed principal deposit.

Paytm Payments Bank Fixed Deposits Interest Rates 2022

The interest rate incurred on the fixed deposit is calculated as offered by the IndusInd bank. The applicable rate is calculated as per the date of creating the fixed deposit account in the PPBL. 

One may take a look at the IndusInd bank interest table for reference calculation of their interest rate. 

The interest rate with effect from 4th June 2021 Less than 2 Crore
(Domestic/ NRE/NRO/)
NRE Deposit rates are applicable only for tenure of 1 year onwards
Less than 2 Crore
(Senior Citizens)
Not Applicable for NRO/NRE only
2 Crore to less than 5 Crores (Domestic/NRE/NRO deposits) - premature withdrawal is not allowed 1 Crore to less than 5 crores
(Domestic/NRO/NRE deposits) -premature withdrawal is not allowed
(Only for non-individuals)
7 - 14 days 2.75 3.25 2.75 2.75
15 - 30 days 2.75 3.25 2.75 2.75
31 - 45 days 3 3.5 3.15 3.25
46 - 60 days 3.5 4 3.4 3.5
61 - 90 days 3.75 4.25 3.5 3.6
91 -120 days 4 4.5 3.75 3.85
121 - 180 days 4.5 5 4.25 4.35
181 - 210 days 5 5.5 4.75 4.85
211 - 269 days 5.25 5.75 5 5.1
270 - 354 days 5.5 6 5.25 5.35
355 - 364 days 6 6.5 5.5 5.6
1 to 9 months 6 6.5 5.5 5.6
1.6 to 1.7 years 6 6.5 5.5 6.35
1.7 to 1.11 years 6 6.5 5.5 6.35
2 to 2.5 years 6.5 7 6.25 6.35
2.6 to 2.9 years 6.5 7 6.25 6.35
2.9 to 3 years 6.5 7 6.25 6.35
Above 3 years up to 61 months 6 6.5 5.75 5.85
61 months and above 6 6.5 5.5 5.5
Tax Saver scheme (5 years)  6 6.5 NA NA

FD interest have fallen consistently over the last 5 years.
Invest in Plans that offer Guaranteed Returns for over 25 Years
Know More

Paytm Payments Bank Fixed Deposits Interest Rates Features 

The Paytm Payments Bank FD rates have some particular features. They are:

  • The interest earned on the PPBL fixed deposit amount is calculated per period as per the IndusInd bank FD interest table as applicable when the fixed deposit is created. 

  • The interest value on the principal deposit will be rounded off to the nearest integer. For example, ₹15.50 may be rounded off to ₹16 or ₹15.

  • The PPBL offers a nil balance account system.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Summing it up

To open a fixed deposit account at PPBL, one must also constantly be updated on the factors that induce risk on the Paytm Payments Bank FD rate. They are default repayment problems, unforeseen complications with changes in the interest rates to cater to the government and market policies from time to time.

Written By: PolicyBazaar - Updated: 23 December 2021
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Sign up for newsletter
Sign up our newsletter and get email about FD Rates Articles.

Investment plans articles

Recent Articles
Popular Articles
Importance of Investment

06 Jan 2022

How would you define an investment? An investment can be an...
Read more
NRI Account Minimum Balance

05 Jan 2022

The mere mention of the NRI minimum balance will compel you to...
Read more
RD Interest Rates

05 Jan 2022

Recurring Deposit or RD accounts are a popular low-risk...
Read more
Canara Bank NRI Account

04 Jan 2022

The exclusive Canara Bank NRI Services ensures a seamless...
Read more
Commodity Investment

03 Jan 2022

A commodity is any good or service that can be exchanged for...
Read more
Best LIC Policies For Investment in 2022
When it comes to purchasing a life insurance plan, 'LIC policies' are the most popular choice for customers. LIC...
Read more
Post Office Monthly Income Scheme - MIS Interest Rate 2022
Are you looking for an investment avenue that is safe and secure, earns substantial returns with a short locking...
Read more
Short Term Investments Options
Short-term investments can be described as temporary investments or marketable securities, which can be easily...
Read more
SBI Life Insurance Plans in India
SBI Life Insurance, a joint venture between State Bank of India (SBI) and BNP Paribas Assurance, provides...
Read more
Ways to Double Your invested Money
One of the main reasons we invest money is to save it and watch it grow. However, with low interest rates from...
Read more
Download the Policybazaar app
to manage all your insurance needs.