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How To Transfer Money From Paytm Wallet To Bank

🕐 1 Jul 23

How To Transfer Money From Paytm Wallet To Bank

In this article we will show you the solution of how to transfer money from Paytm wallet to bank, the most frequently used components of a Paytm payment app is Paytm Wallet.

While Paytm UPI can be used by customers to send money directly between banks, Paytm e-wallet improves their ability to make digital payments.

Money can be transferred quickly between users' Paytm wallets.

Also, you can transfer money for free from your Paytm wallet to certain other bank accounts.

If the recipient does not use Paytm, anyone can send money from your Paytm wallet to either your personal account or their bank account.

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

  1. Launch the Paytm app on your smartphone. Search for the My Paytm area now, then select the Wallet option. Click on "Paytm Wallet" under "My Paytm" after scrolling down to that area.
  2. As quickly when your Paytm Wallet is launched, the options to "Pay" "Transfer to Bank" "Give a Gift Voucher" or "Automatic Add Money" were displayed. There is a button for changing your bank at top of the display. You can transfer money directly to bank accounts by choosing "Transfer to Bank" (whether your own or those of others).
  3. In addition to adding a bank account you wish to send money to, you should also input the transfer amount, which should be between Rs. 25 & Rs. 25,000. You can also select from stored accounts if you've previously transferred money from your wallet to a bank account.
  4. Account information includes your account number, IFSC code, and account holder's name. The account number, IFSC, and account holder's name must all be entered when adding a new account.
  5. The UPI QR code of your recipient can be read using the QR code reader that appears. You can send money both from the Paytm wallet and also the connected bank account at any time during the payment procedure. You have the option of entering a mobile number or selecting a contact. When sending money to UPI-registered numbers, you can do so using either your wallet or your account.
  6. You need to have a wallet balance in order to send money from your wallet with the help of UPI, credit/debit cards, and online banking, you may add money to your wallet. You can also select "Automatic Add Money" that will replenish your wallet with a set sum each time the balance drops below a particular threshold (that you decide). The prominent display of the wallet balance is located at the top.
  7. Using Paytm Wallet Transit cards, you may use your wallet balance to make purchases online, go shopping in person, pay for transportation on buses and trains, among other things.
  8. Verify that the screen will show all the information related to the money transfer before clicking the Continue button.
  9. enter the one-time password (OTP) that was sent to the registered cellphone number connected to your account.
  10. A successful OTP verification will result in the crediting of the funds to a bank account.

Conclusion :-

Users of Paytm have the capacity to move money from the Paytm wallet into their personal bank accounts or to other, non-Paytm-affiliated bank accounts.

It's interesting that having your account information on hand will help you transfer money.

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