Saturday, June 16, 2018

How to Transfer Money From Paytm To Any Bank Account

  Santanu       Saturday, June 16, 2018
Worried about how to transfer your Paytm balance to your bank's savings account? Then don't worry as here I am sharing the simple step by step process to withdraw money from Paytm wallet to bank account.

Patym is not only a mobile payment gateway, rather it is one of the biggest platforms in India while collecting money. After the digital India initiative, many small business owners are accepting Paytm payments from customers happily.

Just check your Paytm wallet to transfer money to any bank account.

Paytm bank transfer offer
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How should merchants transfer money from their Paytm Wallet to bank accounts?

Paytm has different rules for merchants and user while it is about transferring money from Paytm wallet to bank account. That will also depend upon whether you have done your Paytm KYP process.

If you have not done your KYC (Know Your Customer) process, then the Paytm withdrawal limit is as follows
  • In case of normal use the monthly limit is up to Rs 20,000
  • In case of merchants, this limit is up to Rs 50,000
Besides that there are a couple of key things to you should know about Paytm money transfer to bank account.
  • Paytm users can transfer money from Wallet to accounts via app & website
  • Paytm merchants need to do KYC to transfer large sums
  • Consumers can transfer amounts up to Rs. 5,000 at a time without KYC

How To Complete Paytm KYC Process

There is 3 simple step by step guide to complete your Paytm account KYC process. If you have an Aadhaar number, then you can finish Paytm KYC process in new few seconds only. 

Here are all types of ways you can complete Paytm KYC process
  • Aadhaar based OTP process (Complete in 2 minutes & become KYC compliance instantly)
  • Navigate to nearest Paytm KYC center
  • Schedule a home appointment at your convenient time for verification

Various Limits for different types of KYC

For more details, please follow the Paytm blog.

How to transfer money from Paytm to any bank account using the Paytm app or Paytm desktop website

You can transfer your Paytm balance using the Paytm mobile app as well. Follow the step by step guide below.
  • First of all, you have to download Paytm mobile app and install on your smartphone. You can also follow the rest of the steps in case you are accessing Paytm website from a desktop computer or tablet PC
  • Register with your mobile number, in case you have not yet done.
  • From Paytm app, go to Passbook section.
  • Then, select the Send Money to Bank option and tap on Transfer
  • Next enter the details of the bank account you want to transfer money. Details like the amount, account holder’s name, bank account number, and IFSC code etc.
  • Hit the Send button and money will be transferred.
Every Paytm user can transfer up to Rs. 5,000 at a time, with 25,000 per month the limit. If you are a merchant, you can transfer up to Rs. 50,000; with the limit going up to Rs. 1 lakh if you are a user who's done his or her KYC.

Thanks for reading How to Transfer Money From Paytm To Any Bank Account

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