Paytm plans to launch mutual funds, insurance and banking services and s also providing the option to transact offline with a physical debit card
Every customer, on opening a Payments Bank account, will get a cashback of Rs 250 as soon they bring deposits of Rs 25,000 in their bank account. The account will have zero balance requirement and every online transaction (such as IMPS, NEFT, RTGS) will be free of charge.
The company is modelling its many ventures on Alibaba in China.
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