A payment bank? What’s that? Well, for those who have no idea what a payment bank is, and why there are many payment banks these days right here in India, just keep on reading. First of all, a payment bank is just a bank but functioning on a much smaller scale, mainly to offer basic banking services to those who haven’t accessed it yet. Like the people who are left out by traditional banks can take advantage of the basic banking services offered by a payment bank. That’s all! Alright, with that said, now’s the time to just straight up get down on the list of the top 10 payment banks in India as of 2025, which we have prepared for you today. Here we go then.
1. Airtel Payments Bank
Alright, if we’re talking about payment banks, there is no way you haven’t heard of the Airtel Payments Bank yet, like, it is not just the biggest but the most popular name out there in this specific segment of the banking right here in India. How big are we talking about here? Well, it actually has more than 500,000 operating points all across India, and considering that it is just a payments bank, that number seems HUGE.
2. India Post Payments Bank (IPPB)
Because all payment banks are really new to the scene of banking, the India Post Payments Bank also had a recent start, but that was back in 2016 when this concept was becoming popular. And look at them now, you see, at present, India Post Payments Bank has about 650 branch offices in the country, and that’s not it though, they have access to about 155,000 post offices too. So yes, their customer base is in the millions as of 2025. See, they’re not the most special or unique payment bank out there, but the services IPPB offers are just straight-up reliable.
3. Fino Payments Bank
If we talk about one of the oldest established payments banks on this list, well, sure enough, Fino Payments Bank would always make it to the top, but why? Well, it actually has been at it since 2007, like, nearly two decades ago. So yes, the number of their 25,000 banking outlets shouldn’t be a shocking thing to know for you, right? And if you just look at their services, it feels like a fully functional bank, but the catch is, it is all online and quick. Like, which other payment bank offers an interest rate of around 5%, that’s just purely impressive.
4. Jio Payments Bank
Well, as of 2025, if we talk about among the most popular payments banks out there, then this would be the Jio Payments Bank, and we don’t even need to explain why that’s the case though. Like, this one only came into existence back in 2018, and look at it now, it’s one of the top and best ones in the niche. Mainly because it is backed by Reliance and is now part of the Jio ecosystem that they’re trying to make a big thing in the country.
5. NSDL Payments Bank
And then comes the NSDL Payments Bank which also offers digital banking services, and for those who have no idea about this one, well, the bank is backed by National Securities Depository Ltd. And just like the rest of the banks we have listed today, with this one too, you can do your banking transactions as well as use UPI for secure transfers with the help of NSDL park bank. Thugh, the focus is a little bit different here, like, the very bank mainly serves small businesses and individual customers who prefer digital banking.
6. Paytm Payments Bank
Sure, we get it, in the last few years, things have not been great for PayTM, but it was also because of their PayTM Payments Bank which kinda violated some regulations set by the RBI. Though, now they seem to be doing just fine as the product itself was good and super easy to use, but just because there were some regulatory issues, it had those problems. And sure enough, it is true that it features one of the largest customer bases among payment banks with a registration of 350 million people.
7. Aditya Birla Idea Payments Bank (Rebranded)
Is this one still operational? Well, yes! You see, this particular payments bank was actually shut down back in 2019, but here we are again, seeing this payments bank do its thing in 2025. Though, before that, this bank was actually started in 2016, and it did pretty decent after that. And now, everything is revamped with this one, and now it is a more reliable payment bank option in the country. Like, when you have a company like Aditya Birla Group backing things up, what else would you expect?
8. DBS Digibank
DBS Digibank, which is run by Singapore’s DBS Bank, is another digital bank right here in India which seems to be doing amazingly well at this point. Why’s that though? Oh, it’s just offering what a lot of people out there expect from a good payment bank, and that’s precisely what it is offering. So why not? Right? Like, with a basic account with this bank, you can even earn up to 4% interest.
9. Equitas Small Finance Bank
A small finance bank making it to the list of the best payment banks in India? Well, that’s just because it had a start very similar to a payment bank, and look at it now, you can even tell whether it is not a payment bank. The history of it actually dates back to around 1993, but it wasn’t until like 2016 when people started seeing it as a payment bank. The services, again, are pretty basic just like the others, but it is a super reliable name.
10. Jana Small Finance Bank
Lastly, let’s talk about the Jana Small Finance Bank, which is also a payment bank at this point, and it sure is one of the best SFBs in the country. No two ways about that. Talking about this one, well, around 3.5 million customers will benefit from easy account opening, secure digital transactions and micro-finance services at home and remote locations, so that’s that!
Conclusion
All in all, if you’re thinking of using the services of a payment bank in India, most probably, you’ll lean towards any of these options, and that would be a great choice since these are the TOP ones in the country right now. So go ahead, and give this list a thorough look-see once again.
