Are you a Paytm user and know all the features of Paytm? If No! Then this article is for you. I hope you know about the Paytm app. It’s one of the biggest payment apps in India. Through this app, you can make online payments without any problems.
Well, the popularity of this app has a high level. So, with this, you’ll get to do a lot of things. Here, we will focus on all those features of the Paytm app. If you use the business Paytm app, then you’ll surely get to experience such expensive features.
It’s an easy to use app that you can use to send money to your near and dears or make payment with this and many more. That’s why this app has such a massive demand among the users. So, if you want to make merchant payment, then you can go with this platform.
The interface features and appearance of this app will surely amaze you. So, to enhance your overall user experience and a hassle-free payment system, you can go with this platform, and it’ll help you in experiencing the top-quality result as well.
Here, we are going to focus on the features of Paytm. So, if you want to know all about these features, then stay with us until the end.
Why Paytm is the Best Payment App in India?
Here we will focus on a frequently asked question: ”Why Paytm is the best Payment App in India?”
Paytm comes with all the top-class features that you can use at the time of transferring money. You can transfer money from one wallet to another or bank account to a bank account. So, this will surely provide you with the top-rated user experience.
Well, here we will focus on all those features of the Paytm app. If you want to experience such an impressive service, then you can go with this smart app.
This app comes with top-class security. So, you don’t have to face any cyber attack or any other issues with this app. And, it’ll indeed provide you with a top-class user experience in terms of security as well.
Your money and bank details are supremely secure with the smart locker of this app. And, it’ll surely provide you with a safe environment.
Most importantly, it’s an Indian app. So, you can trust this platform, and the features of this software will surely amaze you. That’s why it has such a vast user base in India. And, you can also use this to fulfill all of your requirements.
And. Here you’ll get to experience all the International level features. So, this will surely provide you with the top-rated user experience as well.
Top Features of Paytm App
Here, we will focus on all the top-rated features of Paytm. So, after knowing this, you’ll undoubtedly start to use this business app.
Paytm comes with a Paytm payment bank feature that you can use as a bank. It’s a digital bank that you can use to collect and secure your money over there. Yes, it’s secure, and you’ll get to earn a decent amount of money with this.
All the features of this bank are similar to other offline banks. And, here you can apply for a credit or debit card as well. So, it’s quite impressive with this bank. And, it does not deduct any extra money. That’s why we highly suggest this platform to our readers.
Here, it would help if you had a PAN, Adhar card to open your account. And, with this, you’ll surely get to experience the top-quality user experience. Yes, it’s free to use this application, and you can go for this.
Easy Account Opening (Features of Paytm)
It’s relatively easy to open an account with the Paytm business app. Here, you’ll get to fill up some necessary information and submit it. They will verify your account or phone number, and after that, you’ll be a verified member of Paytm.
If you want to open a payment bank account, then also it’s easy with this platform. Here, you need to complete the biometric verification. Yes, after this, you’ll get to open a free account with Paytm Payment bank.
So, you can go to this platform to open a free account, and with this platform, it’s effortless to open this account; just here, you need to follow up on some points. And, you’ll get your account unlocked.
No Minimum Balance
Here, to open an account, you don’t need any minimum balance. Yes, you’ll surely get smooth service with this platform. And, you can load your money according to your requirement. With this, you can send money directly to another user.
If you become the first member of Paytm, then you’ll get a lot of extra advantages. You’ll get to earn cashback every time at the time of loading money. So, it’s pretty impressive with this platform. That’s why we strongly recommend this platform to experience an over-rated service.
Well, to open a payment bank account, you need to deposit a minimum balance of 500. Don’t worry; you’re amount will be secured within your budget. So, you can go with this super-impressive service.
Features of Paytm Free Online Transaction
This platform comes with an online transaction feature. You can do transactions without spending a single penny. Yes, it’s free with this platform. That’s why you can choose this platform to experience a hassle-free service.
If you make bill payments then also you don’t have to pay any extra charge. Yes, it’s pretty cool with this platform, and; this will provide you with a top-quality user experience. So, it has such a vast user base.
With this, you can do UPI, IMPS, or NEFT with a single click. So, it’s quite impressive with this platform, and it’ll provide you with the best transactional experience. It’s the best feature of the Paytm app.
No Penalty for Breaking FD
If you go with this payment bank, you don’t have to face any penalty for breaking the FD. Yes, it comes with a higher interest rate, and you’ll get a higher payback with this account. So, this would be the best platform for you.
You can break your FD whenever you want, and you need not pay any extra charge for this. Due to this feature, you can use this platform, and you’ll surely get % benefited from the features of this platform.
Well, the Paytm payment bank automatically deposits your money at the FD section when it crosses 1 lakh. It does not carry more than 1 lakh in the savings account. So, it’s quite impressive with this platform.
Rupay Debit Card and Free SMS Alert (Features of Paytm)
If you open a savings account on its platform, you can apply for a Rupay debit card. Yes, it’s free with this platform, and you’ll surely get to experience the ultimate service with this, including shopping, bill payment, and others.
Now, Paytm comes with the credit card feature. You can apply for a credit card if you become a Paytm first member. So, this will surely provide you with the best user experience as well. That’s why you can choose this platform.
Well, here you’ll get all kinds of updates about your transaction and others. Yes, it comes with a free SMS alert. And this will surely provide you with the best user experience, and you’ll get all kinds of updates through this.
No Cheque and Charge for Paytm Wallet to Bank Transfer
Here, you won’t get any cheque. So, it’s recognized as a negative side of this platform. It’s a virtual bank, so a cheque is not necessary for this platform. It does not come with the DD feature. So, you can choose this platform to experience fast service.
Now, Paytm is working to create their cheque, and after all legal procedures, they will launch it on the market; till then, we have to wait for this impressive feature. If they run this feature, you’ll get all the similar services that an offline bank provides.
If you want to transfer your fund or money from the wallet to the bank, you have to pay an extra charge. Yes, it’s about 3% of the cost of your entire amount. If you accept money through Paytm business, then you don’t have to pay that much amount.
So, it’s all about your requirement and how you want to use this specific platform. Well, due to these features, you can go for this platform.
Rare Branches but Faster Customer Care Service
The head-office of Paytm Payment Bank is in Greater Noida. But, it has not sufficient branch office. So, it’s also a negative side of this banking system. But, if you want to experience some impressive service, then you can go with this platform.
If you compare this with the Jio payment app, then you’ll get to watch approximately 70,000 Jio payment bank outlets. It’s quite an impression with Jio, and it brings trust as well. That’s why the Jio Payment app also gathers wide popularity within a short time.
In the case of customer care service, the Payment bank is pretty impressive. Here, you’ll get a quick response from the customer care team, and they will shootout all your problems over the call. That’s why we like this platform.
So, you can choose this platform to experience such an impressive service. And, will surely provide you with the best-rated user experience as well.
Closing Thoughts about Features of Paytm
Here, we have provided you with the ultimate information on the features of Paytm. If you want to experience such a full service, you can choose this platform for a hassle-free transaction. And, it’ll provide you with the best working experience.
Here, we have listed all those Paytm’s features, which are essential for you to know. So, you can go with this premium service. The Paytm business app will significantly improve your overall experience in doing business.
I hope you like this entire discussion on the features of Paytm. If you have any doubt, then you can ask us via comment. Stay tuned for the upcoming updates, and thanks for reading.