How To Transfer Paytm Cash To Bank Account
After demonetization in India, the use of Paytm has increased very much. From vegetable vendors to grocery stores all have joined the cashless payment platforms i.e. Paytm. So here we have come up with the solution of How To Transfer Paytm Cash To Bank Account? Now Paytm users can easily transfer their money from Paytm Wallet to accounts via App & Website. The company has increased the number of merchants to make fast transactions and to provide best services to their customers.
As we find that people are finding problem and are confused about how the payment is received by the merchant from the customer through Paytm? How to Transfer Paytm Cash to Bank Account? And many more questions regarding Paytm Services and about sending your money to bank account. So, to get solution to all your queries we have given simple procedure of transferring cash from your Paytm to your bank account.
How To Transfer Paytm Cash To Bank Account
Paytm Money Transfer To Bank Account (Requirements)
For transferring your Paytm wallet to a bank account, you need to know the Bank Account Holder –
- Account Number
- IFSC code
Without your KYC (Know Your Customer) process done you can transfer Rs. 20,000 maximum (Rs. 50,000 for merchants). For more transferring of money first get your KYC done with Paytm. This process can take up to 48 hours and to do it fast you can give your Aadhar card as proof in the biometric verification i.e. “results in instant completion of process”.
Check Out! Paytm Customer Care
New Paytm user without getting their KYC process done will have to wait for 3 Days to transfer money from your Paytm Wallet to bank account. While those who have completed their KYC process, can start bank transfers immediately.
How To Transfer Money From Paytm To Any Bank Account Using Paytm App
- First of all open the Paytm app on your Smartphone and tap the Passbook icon
- Now select the Send Money to Bank option given to you
- Hit on Transfer button
- Then enter the amount, account holder’s name, bank account number, and IFSC code
- After filling your details check it once again and hit the Send button.
Your transaction is completed and you will receive a notification message on the number you have registered at the time of creating your account.
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How To Transfer Money From Paytm Wallet To Bank Account Using Paytm Desktop Website
- First you have to visit Paytm official website i.e. Paytm.com and login to your account
- Bring your mouse cursor at the top right corner and hit on Paytm Wallet
- Now select the Transfer to Bank option and enter all the required information asked.
- Please check your details once again and hit the Send Money button.
Paytm Wallet To Bank Account Transfer Charges
|Transaction type||Charges||Time to Credit||Min – Max Amount||Total limit|
|Loading money into wallet||Free||Instantly||Rs 1 – 99,000||Unlimited|
|Purchase at merchant site||Free||Instantly||Unlimited||Unlimited|
|Paytm to Paytm (P2P) transfer||Free||Instantly||Rs 1 – 5000||Unlimited|
|Paytm to Bank (P2B) transfer, KYC Customer||Free||1 – 7 days||Rs 1 – 5000||25,000|
|Wallet to Bank (P2B) transfer, Normal Customer||Free||1 – 7 days||Rs 1 – 5000||20,000|
|Return / Refund to Bank||0%||3 – 21 days||Unlimited||Unlimited|
For those who have completed their KYC process will not be charged for transferring money from your Paytm Wallet to bank account till December 31. While others will be charged with 1 percent fee till their KYC process is not completed. The maximum limit of transferring Via Paytm is Rs. 25,000 per month and Rs. 5000 per day. For merchants, the limit is up to Rs. 50,000 with the limit going up to Rs. 1 lakh if you are a user who’s done his/her KYC.
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So, we have provided you with the simple solution of How To Transfer Paytm Cash to Bank Account. Still if you are facing any query regarding this post, feel free to tell us in the comment box below. Our experts will solve your issues and give you the best solution for your problem.
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