In this article we provide the information related to How to Transfer Money from Paytm Wallet To Bank Account. Paytm Wallet is a widely-used digital payment method that allows users to manage their finances securely.
This RBI-approved digital wallet offers a convenient way to send money directly between banks.
Whether you need to transfer money to your own bank account or to someone else’s, Paytm Wallet simplifies the process, and it’s cost-free.
By following steps we can transfer money from Paytm wallet to bank account.
Step 1: Open the Paytm App & Tap on ‘Passbook’
Begin by opening the Paytm app on your smartphone. If you don’t have the app, you can download it from your device’s app store.
After opening the app, navigate to the ‘Passbook’ section. This is where you’ll find options related to your Paytm Wallet and transactions.
Step 2: Select ‘Paytm Wallet’
In the ‘Passbook’ section, you will see various options related to your Paytm account. Locate and select ‘Paytm Wallet’ among these options.
Step 3: Select ‘Send Money To Bank’
Within the ‘Paytm Wallet’ section, you will find different choices for managing your wallet balance. Look for the ‘Send Money To Bank’ option and select it.
Step 4: Tap ‘Transfer’
After selecting ‘Send Money To Bank, you will be prompted to enter the transfer details. Tap on the ‘Transfer’ option to proceed with the transaction.
Step 5: Enter the Amount & Bank Details
In this step, you need to provide specific details for the money transfer:
Amount:
Enter the amount you wish to transfer from your Paytm Wallet to your bank account. The minimum amount is Rs. 25, and the maximum is Rs. 25,000.
Bank Details:
Input the recipient bank’s details, including the account number, IFSC (Indian Financial System Code), and the account holder’s name. If you have previously used this method and saved bank accounts, you can choose from your saved accounts.
Once you have filled in all the required details, click on ‘Proceed’ to continue.
Step 6: Confirm the Transfer
After reviewing the transfer details, you will see a confirmation page. Double-check all the information to ensure accuracy.
If everything looks correct, click on ‘Confirm’ to proceed with the money transfer.
Step 7: It’s Done! Money Transferred Successfully
Congratulations! You have successfully transferred money from your Paytm Wallet to your bank account. You will receive a confirmation message notifying you of the completed transaction.
PAYTM WALLET TO BANK ACCOUNT ADDITIONAL INFORMATION
To use Paytm Wallet for wallet-to-wallet payments, both you and the recipient must have completed a full KYC (Know Your Customer) verification. This step ensures the security and legitimacy of wallet-to-wallet transactions.
If you prefer to transfer money directly to a bank account through the ‘Pay’ option:
Step 1: Open the Paytm App & Tap on ‘Paytm Wallet’
Launch the Paytm app on your smartphone and navigate to the ‘My Paytm’ section. Here, you’ll find the ‘Paytm Wallet’ option.
Step 2: Click on ‘Pay’
After selecting ‘Paytm Wallet,’ you’ll see four options: Pay, Transfer to Bank, Send a Gift Certificate, and Automatic Add Money. Click on the ‘Pay’ option.
Step 3: Choose Payment Method
You can choose to make payments using your Paytm wallet balance or an associated bank account. Ensure you have a sufficient balance in your Paytm wallet or bank account, depending on your preferred payment method.
To proceed with a payment, you can either scan the recipient’s UPI QR code or enter their mobile number. Afterward, specify the amount you wish to transfer, which can range from Rs. 25 to Rs. 25,000.
Note that recipients must have completed full KYC verification to receive wallet-to-wallet payments.
Video Credit : Ajay Bhartwaj YT2
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PAYTM WALLET TO BANK ACCOUNT CONCLUSION
Transferring money from your Paytm Wallet to a bank account is a straightforward process that offers convenience and flexibility.
Paytm Wallet is a reliable digital payment solution approved by the Reserve Bank of India, and it allows users to manage their finances with ease.
Whether you need to transfer funds to your own bank account or make payments to others, Paytm Wallet simplifies the process and ensures secure transactions.