To open an account in Paytm Payment Bank One Needs the following things:
  1. Mobile phone with Paytm app installed & Activated Indian mobile no sim card
  2. Aadhaar No with same mobile no linked to it.
  3. Pan Card No (optional)
Steps Required for opening the saving account in Paytm app
  • Update paytm app and click on paytm payment bank saving bank account opening banner/link.
  • Enter the nominee details (means who can access your account if something unfortunate happens)
  • Enter Aadhar Details with Pan Card and proceed

Paytm Payment Bank is a new category of Payment Banks under RBI preview. These bank are allowed offer deposit service only. Lending service like loan , credit card, over draft is not allowed. A customer can only deposit maximum of Rs.1 lac in his account.