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How Paytm Payment Bank, Airtel Payment Bank are different from normal banks

Paytm recently launched their payments bank and currently there are four payments bank in India- Paytm Payment Bank, Airtel Payment Bank, India Post Payments Bank and FINO Payment Bank.

 
 
Interest rates are on a downhill for quite some time now.
A London based fintech company, RedGirraffe, is offering a facility to pay rent through credit card using its online platform "RentPay".
The Bharat Interface for Money (BHIM) has seen a great many downloads since its launch in December 2016.
If you don't have a credit history, banks are generally reluctant to offer you a credit card even if you are salaried.
Airtel Payments Bank- a joint venture between Bharti Airtel and Kotak Mahindra Bank  offers you an interest rate of 7.25 per cent on their savings account.
 
 
Bank also charges you when you close your account within a particular time period.
A balance transfer is nothing but changing your current credit card company to another or closing it off with a personal loan at a much lower interest rate.
If you are a conservative investor who relies on bank fixed deposits for regular income, it is better to lock-in money in FDs now, as the rates will fall further.
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