Paytm is a leading platform for transacting in the digital form in India. We can do anything which is required for our daily livelihoods. There are several steps through this we can transfer paytm wallet money to bank account. I love using Paytm, it’s simple and incredible. You should try it here Download Paytm
Step By Step Guide To Transfer Paytm Wallet To Bank Account
Step 1: Launch your Paytm App on your mobile. Be ensure that you are logged in your Paytm wallet.
Step 2: There is an icon at the top of Paytm App named as Passbook. Tap on it to move to the next step of transfer of money from paytm to a bank account.
Step 3: After that click on your Paytm Wallet. You can also see the current balance in your Paytm Wallet.
Step 4: There will be three option out of that select Send Money To Bank.
Step 5: Then enter the details which are required to send the money from your Paytm Wallet to Your Bank Account.
- Enter the Account Number.
- Enter the Account Holder Name.
- Enter the IFSC code of the Bank.
- Enter the amount which you want to transfer from your Paytm wallet to your Bank Account.
Step 6: A screen will appear to confirm the details which you entered. Confirm your detail by tapping on the Confirm button. It is the last step and after that, you will receive your Paytm wallet money to your bank account.
Step 7: Then a new screen will open that shows the entered amount is deducted from the Paytm Wallet and will be Sent to your bank account using IMPS and it will take 3-4 days to credit in your Bank Account.
Note: The amount will be credited very fastly. For me, it will come in my account within 1 minute.
Paytm Wallet To Bank Transfer Charges
As of now Paytm is charging 4% of the amounts that need to be transferred from Paytm wallet to the bank account. It means it is not free of cost. It takes some charges which are 4% of the total amount.
A user can transfer 25,000 Rs in a single transaction. It is the limit set by Paytm for transferring the money from Paytm wallet to bank account in a single transaction.