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Paytm Payments Bank launched: Offers 4% interest, cashbacks on deposits
Online fund transfer
Paytm Payments Bank will provide online fund transfer services such as Immediate Payment Service (IMPS), Unified Payment Interface (UPI) and National Electronic Fund Transfer (NEFT) free of cost.
India Post Payments Bank will charge a fee if the transaction happens at the branch or as part of doorstep banking-NEFT will cost Rs2.5-5, while IMPS transaction will cost Rs5. If you do it using mobile banking, NEFT is free, but you have to pay Rs4 per transaction for IMPS.
Airtel Payments Bank charges 0.5% of the transferred amount if you transfer funds from Airtel Payments Bank to another bank account through internet banking, mobile app or Unstructured Supplementary Service Data (USSD). Within the bank, fund transfer is free of cost.
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