India's largest digital payments platform Paytm has partnered with the country's largest private sector bank ICICI and introduced 'Paytm-ICICI Bank Postpaid' to provide interest-free short-term digital credit to the customers. Customers can use this offer to pay any bill payments. There is no need to visit bank or produce any documents or pay any administration fee to get Paytm-ICICI Bank Postpaid digital credit account. Activation will be done online and will be available at any time.
The Bank offers credit amount from Rs.3,000 to Rs.10,000 for up to 45 days interest-free. It can even extend up to Rs. 20,000 depending on customer's repayment history. Paytm-ICICI Bank Postpaid will also offer a quick checkout to customers with the Paytm Passcode. Once the credit limit is set up for a customer, a consolidated bill is generated on the first day of next month, which has to be paid by the 15th day of the same month. For repayment of dues, customers can use their Paytm Wallet, debit card or internet banking of any bank.
At present this offer is applicable and available to select ICICI Bank Paytm customers. Shortly this Postpaid offer will be made available to non-ICICI Bank customers on Paytm app. Late payment charge is Rs. 50 along with 3% interest after the due date. Details about the defaulters will be given to CIBIL and other Credit Bureaus. So do not take this Paytm-ICICI Bank Postpaid account light. Under Postpaid section in Paytm Profile, you can find this ICICI postpaid Feature.