Paytm is free and Popular online Wallet in India. Now Paytm allows their users to get a free bank account. Here’s the trick how to open Free Paytm bank without any investment. You can use this account for online banking, Shopping and also use it for transferring money between Paytm bank to Bank account. You can open Paytm Bank by following the bellow easy steps.
For opening Paytm bank account you need to go to the official website of Paytm Bank that is www.paytmbank.com. Now click on Open Account button given at the top of your right-hand side. Now download the Paytm app on your mobile phone. The app available for Android, Windows Phone, Blackberry, and iPhone. You need to go to the prefered app store like Play store and Apple app store.
Now make a search for Paytm on your Mobile’s app store then click on Paytm App and then click on Install / Download button. After successful download click on open button. Now login with your Paytm user ID/mobile number and password. If you are not registered with Paytm then create a new account. Sometimes Paytm will send an OTP on your registered mobile for verifying your Identity.
In the Mobile app click on Bank Menu given at the bottom of the app, Read the terms & conditions of Paytm Bank account then you need to set a passcode for your Paytm Bank account. The Passcode will be four digit number. Now add your nominee and enter the necessary details in the given form.
After filling nominee information click on Proceed button and then choose your KYC details. Here you can use Aadhaar, PAN card or Driving license as your KYC and then click on done button.
After filling all the required information, find your nearby KYC center or book a slot for In-Person Verification. After the verification of your KYC, your account will online and ready for use. You can use this account for Shopping, Online usage or for Money transfer.