Paytm investing money to setup ATM’s

Paytm to invest Rs 3000 Crore for setting up 1 lakh Paytm ka atm in the duration of 3 years.

This news was announced by Paytm payment bank on Monday they are looking forward to ensuring that every Indian has access to banking facilities over few years.

This ATM will allow user following features:

• Open their bank accounts
• Deposit money
• Withdraw cash
• Linking their bank accounts with Aadhaar card

This plan will allow millions of user who are not able to gain access to quality banking services as reported that over 19% of Indians still do not have access to the ATM.
Paytm payment bank already has 3000 Paytm ka ATM is following cities

• Delhi NCR
• Kanpur
• Varanasi
• Lucknow
• Allahabad
• Aligarh

So they are not new in this business they are just trying to expand and provide facility to all the people who do not have access to these facilities right now.

Some of the features that Paytm provides to step ahead form other payment banks (like Airtel payment Bank, Fino Payment bank) are:

• Free digital debit card
• Accidental insurance up to 2 lakhs
• Completely free online fund transfer
• Loans
• Credit cards

Important Notes for Government Exams

• New appointed director of Paytm – Kabir Misra
• Paytm founder – Vijay Shekhar Sharma
• Paytm Headquarter – Noida