It is Safe to Take Paytm Merchant Settlement Amount in kotak 811

[Solarman]

is it safe to receive Paytm merchant settlement amounts in a Kotak 811 savings account? The daily credit would be around ₹2,000–₹3,000, mainly for savings purposes (I won’t be making regular withdrawals). Please let me know if this is advisable or if there could be any issues with such transactions.

 

[Bhauka23]

Yes it is

I've been taking for months

 

[mobsol2017]

is it safe to receive Paytm merchant settlement amounts in a Kotak 811 savings account? The daily credit would be around ₹2,000–₹3,000, mainly for savings purposes (I won’t be making regular withdrawals). Please let me know if this is advisable or if there could be any issues with such transactions.

Its risky with kotak they randomly block savings account for business transactions (talking from my personal experience).
Why savings when there is zero balance personal current account option? Just get in touch with nearest kotak branch ask them to open personal "Kotak 811 Current Account - Digital" You can check here. Only Pan card and Aadhar card needed to open this.