Paytm is India’s largest digital payment platform that allows the user to do various transactions like Mobile Recharge, Send Money, Metro Recharge, Broadband Bill Payment, Buy & Sell Gold and many more. For this first, you need to Complete Paytm KYC. We can do anything which is required for our daily livelihoods. There are several steps through which we can send Paytm wallet money to bank account.
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Step By Step Guide To Transfer Paytm Wallet Money To Bank Account
Step 1: Launch your Paytm App on your mobile. Ensure that you are logged in your Paytm wallet.
Step 2: There is an icon at the top of the Paytm App named Passbook. Tap on it to move to the next step of the 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 four options out of that select send money from Wallet to Bank.
Step 5: Now you need to enter the amount which you wan to transfer from your Paytm wallet to bank account. You need to pay some extra charges for sending money which is 5% of the total money. Also, you can send Rs 25,000 at one time.
Step 6: After this, you need to select the account details if previous exist. If not then tap on Add New to enter the details which are required to send 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 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 5% 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 5% 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 the Paytm wallet to the bank account in a single transaction.
FAQ (Frequently Asked Questions)
Is there any charges for Paytm KYC? Benefits of Paytm KYC.
There are no charges for doing KYC. It is free of cost to complete the Paytm KYC. There are lots of benefits to complete your Paytm KYC. You can check it out here for all the benefits of Paytm KYC.
- You can transfer money to anyone after completing the Paytm KYC.
- Your wallet limits can be increased after completing the Paytm KYC.
- The limit can be extended up to 1 Lac.
- If you have completed your Full KYC then you are eligible to open a Paytm Payment Bank account.
Can I pay water bill online?
Yes, you can pay your water bill payment online whether it is Delhi Jal Board or any other service provider. There are various websites and applications through which we can pay our Water Bill like Paytm, PhonePe, Amazon, and Mobikwik. It will take not more than 2 minutes to pay any Water Bill. Nowadays we prefer to complete our work online while going to the Jal Board office to pay the Water Bill.
How can I see my Paytm statement?
To download the Paytm wallet statement first understand the Paytm. Paytm is India’s largest digital payment platform that allows the user to do various transactions like Mobile Recharge, Send Money (Wallet to Wallet And Wallet To Bank), Metro Recharge, Broadband Bill Payment, Buy & Sell Gold and many more. For this first, you need to Complete Paytm KYC. If you have completed your Paytm KYC then you can Download Paytm Statement.