"Swiftly Move Money from Your Paytm Wallet to Bank Account"
The Paytm payments app offers users the Paytm Wallet, a frequently used feature. Although Paytm UPI can be used for direct inter-bank money transfers, the Paytm e-wallet further elevates the convenience of digital payments for its users. You can easily transfer money from your Paytm wallet to other users' wallets, as well as bank accounts without incurring any additional charges. Furthermore, you can send money to your own account from your Paytm wallet, or to a recipient's bank account, even if they are not a Paytm user.
How to Send Money from Paytm Wallet to a Bank Account?
To transfer money from your Paytm wallet to a bank account, you can perform the following actions:
1. Open the Paytm mobile application and scroll down to the "My Paytm" section, then select "Paytm Wallet."
2. Upon opening your Paytm Wallet, the options to "Pay," "Transfer to Bank," "Send a Gift Voucher," and "Automatic Add Money" will appear.
3. To pay directly to a bank account, choose the "Transfer to Bank" option, then enter the desired amount (between Rs. 25 and Rs. 25,000) and the recipient's bank account information.
4. If you have previously sent money from your wallet to the recipient's bank account, you can choose from pre-saved accounts.
5. If adding a new account, you will need to enter the account number, IFSC, and account holder's name.
6. Alternatively, you can also pay into a bank account by clicking on the "Pay" option, which opens a QR code scanner that you can use to scan the UPI QR code of the recipient. You can send money from your linked bank account or Paytm wallet. Enter the mobile number or choose from your contacts. If they are UPI-registered, you can send money from your wallet or account.
7. To send money from your wallet, you must have a wallet balance, which can be added through UPI, credit/debit cards, or net banking. You can also set up "Automatic Add Money," where you can pre-set the amount to be added to your wallet each time it falls below a certain amount of your choosing. Your wallet balance is displayed at the top of the app.
With Paytm Wallet Transit cards, you can use your wallet balance to pay anywhere online, at stores, metros/buses, etc. In conclusion, the Paytm Wallet is an RBI-approved and secure wallet that can be used to recharge, pay utility bills, shop online, or pay friends/vendors. Additionally, the Paytm Wallet now offers a Transit card to enhance online payments. You can transfer money from one Paytm wallet to another wallet as well as from the wallet to a bank account for free. While no KYC verification is necessary for UPI payments, it is required for the Paytm wallet per RBI norms. With minimum KYC, users can add up to Rs. 10,000, and full KYC enables users to add up to Rs. 1 lakh.
-
10th Grade Science: Life Processes with Complimentary Ncert Solutions 2023-07-25 00:51:45Solution: The inner lining of the small intestine undergoes a structural modification, forming villi, which are finger-like projections. These villi serve to increase the surface area for the absorption of digested food. Furthermore, they have a high vascularity, meaning they are well-supplied
-
Creating a Lovely and Simple Homemade Rakhi 2023-07-25 00:50:08
Creating Your Own Homemade RakhiThe glimmer in your eyes and the fervent desires in your heart paint a clear picture: you're filled with ideas for surprising your loved ones on Raksha Bandhan! Are you aware of what that entails? It means that Raksha Bandhan is fast approaching, leaving us with limited
-
10th Grade Science Life Processes: Access Ncert Solutions for Free 2023-07-25 00:03:33
Solution: The inner lining of the small intestine undergoes a transformation into tiny finger-like projections known as villi that enhance the surface area for the absorption of digested food. These villi are abundantly supplied with blood vessels, making them highly vascularized. Additionally,
-
10 Years - Information on Wikipedia 2023-07-24 02:56:26
A decade, which comes from the Ancient Greek word δεκάς (dekas) meaning 'a group of ten', is a span of ten years. Decades can refer to any period of ten years, whether it is someone's lifespan or a specific grouping of calendar years.Usage:Any period of ten years is considered a "decade". For
-
Learn the steps involved in applying for an IPO through India's largest broker, Zerodha. 2023-01-08 05:48:42
Applying for an IPO through Zerodha If this is what you're thinking about, I have some encouraging information. Online IPO applications are available to Zerodha clients. If you have a Zerodha account, you can apply for an IPO through the Zerodha Console and pay with UPI (Unified Payment Interface).
-
What Does a UPI ID Mean, and How Do I Make One or Change It Within an App? 2023-01-05 08:26:12
The United Payments Interface (UPI), which was introduced in 2016, is a fantastic tool for facilitating daily payments for regular consumers. According to data, Indian consumers now favor UPI over other payment methods. Cards and online banking were significantly outperformed by UPI both
-
Instructions for Changing the Jio Caller Id Ringtone 2023-03-28 22:09:04
How to Change Jio's Caller Tune If you're using a Jio SIM, that's certainly something to consider. Today, Jio is among the most sought-after network providers. Many customers have signed up because the company provides affordable data plans and a reliable network and connection. The
-
Transferring funds from your PhonePe wallet to your bank account is easy to do and there are many other uses for this service. 2023-03-09 00:12:26
PhonePe, launched in 2015, is one of the most widely used mobile payment systems in India. PhonePe has 32 million monthly active users, as reported by the website PhonePe Pulse. Over two billion dollars' worth of transactions will have been made on the platform by the end of the third quarter of
-
10 Years - Information on Wikipedia 2023-07-24 02:56:26
A decade, which comes from the Ancient Greek word δεκάς (dekas) meaning 'a group of ten', is a span of ten years. Decades can refer to any period of ten years, whether it is someone's lifespan or a specific grouping of calendar years.Usage:Any period of ten years is considered a "decade". For
