Chennai: India’s homegrown Paytm Payments Bank Ltd (PPBL) has announced its partnership with Suryoday Small Finance Bank to facilitate fixed deposit services to its account holders.

The payments bank has already been offering fixed deposits service in collaboration with IndusInd Bank with a minimum investment of Rs 100.

With this new partnership, PPBL has become the first payments bank in the country to launch the multi-partner FD service where an account holder can select the partnered bank as per their preference, said a press release.