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How To Transfer Money From Paytm Wallet To Bank Account Without KYC

🕐 1 Jul 23

How To Transfer Money From Paytm Wallet To Bank Account Without KYC

In this article we will show you the solution of how to transfer money from Paytm wallet to bank account without KYC, one of the most popular features of the Paytm payments app is Paytm Wallet.

Although direct interbank money transfers can be made using Paytm UPI, the Paytm e-wallet enhances the user's total digital payment experience.

Money can be effortlessly transferred from one Paytm wallet to another. Through your Paytm wallet, money can also be freely transferred to other bank accounts.

Even if the recipient does not use Paytm, you can utilise the Paytm wallet to send money to either your personal account or their bank account.

Paytm is a well-known mobile payment software that has digitised payments for more than 1.3 Million consumers that have registered on the platform.

Paytm wants to offer its users the greatest, most practical, and easiest financial services in one location.

Paytm offers a variety of services, including bank transfers, UPI money transfers, recharge and bill payment, and FASTag service.

India has a large user base for the cashless payments platform Paytm.

It also gained a lot of traction quickly and has thousands of merchants on its platform as a result of these developments.

From grocery stores to vegetable vendors, everyone is joining this movement, which makes cashless transactions simple.

Follow these simple instructions to withdraw money from your Paytm wallet and deposit it back into your bank account.

At present, 100 million people utilise the Paytm mobile wallet and payment service.

By completing physical KYC, you can also start a Paytm savings account. Instead, you can simply keep your wallet operational with the minimal KYC.

Step By Step Guide On How To Transfer Money From Paytm Wallet To Bank Account Without KYC :-

  1. Launch the Paytm app on your mobile device, navigate to the "My Paytm" menu, and choose "Paytm Wallet."
  2. As soon as your Paytm Wallet is launched, the options to "Pay," "Transfer to Bank," "Give a Gift Voucher," and "Automatic Add Money" are displayed. When you choose to "Transfer to Bank," you can make payments straight to bank accounts (yours or others').
  3. In addition to adding the bank account you wish to send money to, you should also input the transfer amount, which should be between Rs. 25 and Rs. 25,000. If you've already moved money from your wallet to the bank account, you can also choose from your stored accounts.
  4. When creating a new account, you must enter the account number, the IFSC, and the name of the account holder.
  5. By selecting the "Pay" option, you can also deposit money into the bank account as an alternative. Using the QR code scanner that appears, the recipient's UPI QR code can be read. Your associated bank account as well as your Paytm wallet can both be used to send money when you make the payment. In addition, you can choose a contact or enter a mobile number. If the numbers are registered with the UPI, you can send money using either your account or your wallet.
  6. In order to send money from your wallet, you must have a wallet balance. You can add funds to your wallet using UPI, credit/debit cards, and net banking. You can also choose "Automatic Add Money," which will add a fixed amount to your wallet each time the balance falls below a predetermined level (that you decide). The wallet balance is shown prominently at the top.
  7. You may use your wallet balance to make payments online, offline, on buses and trains, and virtually anywhere else with Paytm Wallet Transit cards.

Conclusion :-

I hope this article on how to transfer money from Paytm wallet to bank account without KYC helps you and the steps and method mentioned above are easy to follow and implement.