Paytm FD Interest Rates 2025 - Features & Types

Paytm Payments Bank Limited (PPBL) in collaboration with IndusInd Bank has brought to their customers a special financial product, that is Paytm fixed deposits. Paytm FDs are secured investment avenues that individuals can start with an amount as low as ₹100 and enjoy an interest rate of up to 7.50%. The maturity tenure of its FD is 365 days which is shorter than most FDs offered by other banks and institutions.

Know the latest Paytm FD interest rate in 2025 to make an informed financial decision. 

Features and Benefits of Paytm Bank FD

Here are some of the exclusive features and benefits you can avail by choosing Paytm FD rates:

1. PPBL FD has a maturity period of 365 days.
2. Your FD will be automatically renewed once it reaches the maturity period unless instructed otherwise.
3. FD is booked as per the highest interest rate which is applicable upon reaching the maturity period.
4. The FD schemes do not provide interest if an FD investment is prematurely withdrawn within 7 days of opening. However, premature withdrawals earlier than 365 days are allowed. The deposit amount will be transferable to your savings account at an applicable interest rate.
5. The interest earned from Paytm FD schemes is taxable under the Income Tax Act. Moreover, non-submission of PAN details to the deductor, which is the bank in this case, will result in TDS at a higher rate than usual. 

How to Book Paytm FD Online?

Since Paytm offers its services online, there is only one online option available for opening an FD with PPBL. Follow the steps given below for a seamless FD booking process:

• Step 1: Download the Paytm app and log in to your account.
• Step 2: Navigate to “Paytm Bank”.
• Step 3: Use your password to access the Paytm Bank section.
• Step 4: Click on the “Create FD” option.
• Step 5: Provide your preferred amount of investment. 
• Step 6: Click on “Proceed” and follow through the on-screen instructions to complete the booking process.

Documents Required to Book Paytm FD

Both new and existing customers are eligible to open their FDs with PPBL. Given below are the documents required for both categories of customers.

1. Recent passport-sized photograph
2. PAN Card
3. Identity proof (Aadhaar Card, Voter ID or Driving License)
4. Address Proof (Passport or Utility Bills) 
5. Age Proof (Birth Certificate or School Passing/Graduation Certificate) 
6. Bank account statement and other bank documents specifying IFSC code, account number, and branch name. 

Eligibility to Open Paytm FD

Here are the eligibility criteria for opening a Paytm FD account. 

• Applicant Type: Indian Residents, NRIs, HUFs (Hindu Undivided Families), Partnership Firms, Public or Private Companies, Sole Proprietorships, Clubs, Associations, Societies, Trusts and Government Departments. 
• Applicant Age: 18 years or above 

Types of Paytm FD Schemes

There are two types of FD schemes offered by PPBL – cumulative and non-cumulative. Let us discuss these FD schemes in detail. 

1. Cumulative FD

If you invest in a cumulative FD, the interest at the applicable Paytm Bank FD interest rate will be accumulated and paid upon maturity. This option is suitable for those who want to park their savings at competitive interest rates and receive a lump sum after a certain period.

• Minimum Deposit: ₹100
• Maximum Deposit: No limit specified 
• Tenure: 7 days to 365 days
• Interest Rate: 3.50% to 7.50%
• Eligibility: Indian Residents, NRIs, HUFs (Hindu Undivided Families), Partnership Firms, Public or Private Companies, Sole Proprietorship, Clubs/Associations/Societies, Trusts and Government Departments.

2. Non-Cumulative FD

Non-cumulative FDs pay interest at regular intervals which can be monthly, quarterly, semi-yearly, or yearly. Hence, if you are looking to turn your savings into a regular and stable source of income, opt for Paytm Non-cumulative FD.

• Minimum Deposit: ₹100
• Maximum Deposit: No limit specified
• Tenure: 7 days to 365 days
• Interest Rate: 3.50% to 7.50%
• Eligibility: Indian Residents, NRIs, HUFs (Hindu Undivided Families), Partnership Firms, Public or Private Companies, Sole Proprietorship, Clubs/Associations/Societies, Trusts and Government Departments.

3. Senior Citizen FD 

Paytm offers a higher rate of interest for senior citizen fixed deposits. Individuals over the age of 60 are eligible for this type of Paytm FD. 

• Minimum Deposit: ₹100
• Maximum Deposit: No limit specified
• Tenure: 7 days to 365 days
• Interest Rate: 6.75%
• Eligibility: Individuals above 60 years of age (Residents and Non-resident Indians) 

The Paytm FD interest rate offers stable and high-yielding returns to all regular and senior citizens. Moreover, the Paytm FD schemes are quite flexible in terms of early withdrawal and other facilities. 

Although an attractive investment option, go through all the terms and conditions associated with such schemes to make a responsible financial decision. You must also use an FD calculator before investing to ensure the right investment amount and tenure as per your requirements.