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Do you know? The Paytm Payments Bank was launched in 2017 by Paytm. The bank has partnered with Mastercard to issue virtual and physical debit cards.
The Paytm Debit Card is a virtual card and it works for online payments. The Paytm Payments Bank offered the Paytm Debit Card in Platinum Rupay and Visa variants.
Think of your Paytm Bank account as a wallet which is kept at your home and the Paytm Debit Card is a key to that wallet. You can swipe your Paytm Debit card and the key will unlock your Paytm Bank wallet to make the payment. Unlike credit cards, there is no borrowing, the amount is directly reduced from your savings account.
For example, in my Paytm Payments Bank there is a total balance of ₹10,000. I used my Paytm Debit card to make a payment for the TV of ₹6,000.
Now , the remaining balance in my Paytm bank account is ₹4,000. There is no borrowing or no other interest amount, payment is directly reduced from your bank account.
The Paytm Debit Card is linked to Paytm Payments Bank account. It allows you to make payments directly from your bank account. Just like any other debit card, the Paytm debit card also deducts money from your savings account. Your physical Paytm Visa Debit card allows you to make contactless payment by using the Tap and Pay feature.
You can use the Paytm app for easy application, track delivery and manage your personal details.you can activate your debit card by using this Paytm App. You can also use your physical Paytm Debit card to make payments or withdraw money at domestic and abroad places.
Refer the below table to know the Paytm Debit Card charges:
Below is the table showing issuance fees and transaction limits for Paytm Debit Cards:
You can use the above details before applying for the Paytm Debit Card.
Follow the below steps to apply for the Paytm Debit Card online:
*T&C Apply
Once you make the payment for the card, you can track your order through the Paytm app. You can call on 0120-4456-456 for any customer care support.
There are many features of using the Paytm Debit Card and some of them are as follows:
Overall, using the Paytm Debit Card comes with a lot of benefits.
Using the Paytm Debit Card is very easy because of the Paytm app. You can easily change your PIN for security, manage your spending limit, and block your card instantly using the Paytm app. You can apply for the Paytm Debit Card online and track the delivery by using the app. You can also use your physical Paytm Debit card to make payments or withdraw money at domestic and abroad places.
What is the ATM cash daily withdrawal limit?
The ATM cash daily withdrawal limit is ₹25,000.
What is Paytm Debit Card?
The Paytm Debit Card is linked to Paytm Payments Bank account. It allows you to make payments directly from your bank account.
Is a Paytm Debit Card free?
No, the issuance fee of a physical debit card is ₹250 + GST.
How to pay bills using debit/ credit cards?
You can use Paytm Debit card to pay for your bills. It allows you to make payments directly from your bank account.
Is it safe to use Paytm Payments Bank?
Yes , it is safe to use the Paytm Payments Bank. It is considered secured for digital payments.
