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How To Transfer Money From Paytm To Bank Account

🕐 1 Jul 23

How To Transfer Money From Paytm To Bank Account

In this article we will show you the solution of how to transfer money from Paytm to bank account, Paytm is the most popular online payment app within India. It enables customers to conveniently pay with their cards, bank accounts, and digital payments, among other methods.

The software enables quick money transfers to anyone with a Paytm wallet.

The Paytm business app makes business operations more convenient and easier.

You get a universal QR code that customers can use to send you payments for the products they have purchased.

Paytm for Business is your one-stop solution to all payment-related issues. Paytm for Business is continuously updating and improving their services to make your experiences better.

You require the account holder's name, account number, and IFSC code in order to transfer funds from your Paytm wallet to their bank account.

If the KYC (Know Your Customer) process isn't finished, there is a limit on transactions of Rs. 20,000 (Rs. 50,000 for merchants).

You must contact Paytm to complete your KYC in order to send more than the allotted amount.

If you connect your bank account to Paytm, you can quickly do a number of transactions using the UPI (Unified Portal Interface).

But you must make sure that the phone number you use to register for a Paytm account matches the one you use to register for a bank account.

Step By Step Guide On How To Transfer Money From Paytm To Bank Account :-

  1. Click the "Bank Transfer" icon in the Paytm app after opening it.
  2. By selecting a bank account that has the identical registered mobile number(RMN) with the one used for Paytm, you can link your bank account to Paytm. Using Paytm's "Passbook" feature is another option.
  3. By using your debit card, create your MPIN. or choose Paytm Wallet from the Paytm passbook menu.
  4. By using this option, you can transfer money from your wallet to your bank.
  5. Choose the transfer amount you want to make.
  6. After entering the bank account number, IFSC, and account holder's name, click on continue.
  7. Customers are subject to a 5% fee, which will be displayed to you prior to the bank transfer being completed.
  8. It's done Successful money transfer.

Conclusion :-

Paytm, one of the most widely used online payment apps in India, enables hassle-free payment processing through bank accounts, credit and debit cards, digital payments, and other sources.

Users of the Paytm wallet can send money to any person's bank account immediately.

I hope this article on how to transfer money from Paytm to bank account helps you and the steps and method mentioned above are easy to follow and implement.