In this article, we will discuss how to transfer money from PAYTM wallet to your bank account. This can especially be useful when someone has transferred you a high amount and you do not wish to keep it in your Paytm wallet. You can just transfer the money anytime from Paytm to your bank.
How to transfer money from Paytm Wallet to Bank account?
Step 1: Open the Paytm app on your smartphone.
Step 2: Login to your account by clicking on Sign in / sign up button. Enter your credentials with your email ID/ phone number and password.
Step 3: You will find a couple of options under the first tab as Pay, add money, passbook, deals, nearby etc. Then, click on passbook.
Step 4: It will display the available balance existing in your Paytm wallet. In the same page, you can view all the spending and where you spent your money. Just below your balance amount display, you will find two options, transfer money to the bank and add money to the wallet. Then, click on transfer money to the bank.
Step 5: Then, enter all the details of your transfer like the amount you want to transfer, bank name, account holder name, IFSC code.
Step 6: Then, click on send.
Your money will be deposited into your bank account shortly. You can easily transfer your Paytm wallet money to any bank. There are no transfer fees for the transfer. This is safe and secure transfer. For more information on transfer of money from your Paytm wallet to your bank account click here
Things to keep in mind for the transfer from Paytm to Bank Account
Charges for sending money from your Paytm wallet to bank account – INR 0 for Merchants and 2% for customers.
Maximum limit of transfer from Paytm to your bank account per day- INR 5000
Maximum limit of transfer from Paytm to your bank account per month- INR 25000
With these very easy steps, we tell you the steps for the transfer. Note that you can just view your transfers on the website of Paytm by login to your account. You can add money to your Paytm wallet from your bank account using the Paytm website https://paytm.com/. But you can not transfer money to your bank account from your Paytm wallet using the website. You need to download the Paytm application available in Google play store to initiate the transfer. Moreover, all your transfer details can be viewed using the website.