PAYTM Vs IPPB; Know The Pros And Cons Of Paytm Vs India Post Payment Bank (IPPB), Benefits In Different Transactions From Both Payments Bank Apps
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| Know The Pros And Cons Of Paytm Vs IPPB, Take The Benefits From Both Payments Bank App |
Keeping into view of increasing demand in Digital transactions Government of India (GOI) encourage all Wallet and Payments Bank providers in different way. The Government of India Wallet and Bank regulatory authority Reserve Bank Of India (RBI) modifying rules and regulations in regular basis so Wallet and Payments Bank providers can be more flexible to provide digital banking for the Indian people. The central bank (RBI) also promoting digital banking transactions through all Indian public and private sector banks.
In India there are many Wallet and Payments Bank providers such as PAYTM, India Post Payments Bank (IPPB), Airtel Payments Bank, Jio Payments Bank, Phone Pe, Mobiwiki and many more company are providing such Wallets and Payments Bank facilities to their registered customers. They are also providing different offers and cash back to attract people to join their services.
Indian all public and private sector banks are also in this mission to build clean and green digital banking eco-system in all over India. All Indian banks, wallet and Payments bank providers join hands together to make this mission successful.
But here in this content we have gathered information about leading Wallet and Payments Bank provider PAYTM which is leader in Digital banking system in India and India Post Payments Bank (IPPB). All details aspect and features of PAYTM Wallet, PAYTM Payments Bank and IPPB services are compared and their pros vs. cons are also discussed as per customers feedback. But there are so many hidden services are also provided by both PAYTM and IBBP from which customers taking advantages from them.
So to know the detail features of PAYTM and IPPB go through this story to choose best suitable payments bank for you. PAYTM is purely a private payments bank organization and IPPB is central Government payments bank system. Here also you can get to know how to use wallet and payments bank and which are is best suitable for you.
PAYTM Wallet And Payments Bank:
Paytm Digital Wallet very easy to use, everywhere you can find it across all over India. It is used by small vendor to large farm and you can use it for all online transactions such as mobile recharge, DTH recharge, water bill payment, electricity bill payment, online shopping and many more attractive features are available with PAYTM Wallet and PAYTM payments bank. You can get its APP from Android and IOS store.
Highlights Of PAYTM Payments Bank
1. Without KYC you can load only Rs 20,000 rupees in your PAYTM Wallet within one month.
2. With Full-KYC you can do online transactions upto Rs 2,00,000 rupees with Paytm payments bank on daily. After KYC PAYTM Payments Bank provide you a Payments bank account number which can be used as all normal banking transactions but there is threshold limit upto Rs 2,00,000 rupees daily which including your Wallet Balance.
3. After Fully KYC you can hold Rs 1,00,000 rupees in your PAYTM Wallet. This limit has been increased from Rs 20,000 to Rs 1,00,000. But there is no spending limit on your Wallet account.
4. You can use both PAYTM Wallet and Payments Bank for all transactions such as mobile recharge, DTH recharge, water bill payment, electricity bill payment, online shopping, gas bill payment and there are many more features are available with the payment bank company.
5. You can load your PAYTM Wallet or Payments Bank account through
Internet Banking, Credit Card, UPI and Debit Card.
6. Small vendor to large farm everyone familiar with PAYTM Wallet and Payments Bank. So you can do transactions everywhere in all over India I.e. from rural to urban areas. So no need to carry cash for anything.
7. You no need to pay any charges for opening PAYTM Payment Bank account and there is no charges for online transactions.
8. Here in the PAYTM Payment Bank customers no need to maintain any minimum yearly or quarterly balance.
9. PAYTM Payment Bank also provide free Virtual Debit Card which you can use for all online transactions but to get Physical ATM or Debit Card then you have to pay Rs 250 rupees.
India Post Payments Bank (IPPB):
IPPB is lunched by Government of India (GOI) department of post. It is owned by India Post one of the central government organization in India. India post operating banking system as same as other public and private sector bank, but India post doesn't provide any loan facility. India Post have facility to open normal saving account, RD, Sukanya Samridhi Account for girl child and Public Provident Fund (PPF) for small saving account along with all you can buy National Saving Certificate (NSC) is also a very good small saving deposit provided by India Post. All account which you open in India Post can be oprtaed through India Post Payments Bank (IPPB) mobile APP. But IPPB doesn't provide any Wallet facility.
Highlights Of IPPB
1. To open India Post Payments Bank (IPPB) account you need your Aadhar number during online account opening process.
2. IPPB doesn't provide any Wallet facility.
3. You can open open normal saving account, RD, Sukanya Samridhi Account for girl child and Public Provident Fund (PPF) for small saving account along with all you can buy National Saving Certificate (NSC) from India Post Office and all which can be operated through IPPB after offline KYC from your nearest Post Office. This facility recently lunched by India Post.
4. You can do all transactions such as mobile recharge, DTH recharge, water bill payment, electricity bill payment, online shopping, gas bill payment and there are many more features are available with the India Post Payments Bank (IPPB).
5. Transfer limit is Rs 1,00,000 per day from your IPPB account.
6. There are NEFT, RTGS, IMPS and UPI transactions facility are available with India Post Payment Bank (IPPB). Through which you can send and receive money.
7. IPPB also provide doorstep banking facility which is on chargeable basis.
8. IPPB also provide Virtual Debit Card for online transactions but you have to pay Rs 25 rupees for the Card.
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PAYTM vs IPPB