Question: Can I Send Money From Paytm To My Bank Account?

How can I transfer money from Paytm to my bank account free?

Steps to Send Paytm Money to Bank AccountOpen the Paytm app.Tap on ‘Passbook’.Select ‘Paytm Wallet’.Select ‘Send Money To Bank’.Tap ‘Transfer’.Enter the amount & bank details (Account No.

IFSC code etc.).Confirm the transfer.Money is transferred successfully..

How can I receive money directly to my bank account from Paytm?

Receiving Money Directly to Bank Account To turn this feature on, you’ll need to go to “Accept Money” in the Profile settings. Now, tap on “Add a Bank Account” if not added and enter your account number, IFSC code, and the name of the bank.

Why is Paytm charging for bank transfer?

The 2% charge is passed on to customers, who use credit cards for adding funds to their wallet. … At that time, Paytm had said the fee was aimed at curbing misuse of its platform to transfer interest-free credit card funds to bank accounts of users at zero transaction cost.

Can we transfer money from Paytm to Google pay?

Open your Paytm app and follow the steps mentioned below to transfer money from Paytm to Google Pay account. Tap on UPI Money Transfer located on the top bar. Type the UPI ID of the recipient Google Pay account, which can be found on Google Pay app’s home screen, just below the account user’s name.

Can I transfer money from Paytm to my bank account?

In order to transfer money from your Paytm wallet to a bank account, you need the name, account number, and IFSC code of the bank account holder. However, there is a Rs. 20,000 limit on transactions (Rs. … if you need to transfer more than the limit, then you will need get in touch with Paytm to get your KYC done.

How much does Paytm charge for bank transfer?

While money transfers from one bank account to another are free of cost, there is a 5% convenience fee for transferring money from your Paytm wallet to a bank account. This convenience fee is levied to cover the costs incurred by Paytm at the time of adding money to your Paytm wallet.

How much money can be transferred through Paytm without KYC?

As per the blog, to add money to your Paytm account, the limit has been reduced to Rs 10,000 for those who haven’t done KYC. Customers can use their credit/debit cards, net banking and UPI on the e-commerce platform of Paytm to make payments and continue to do transactions.

Which wallet to bank transfer is free?

Charges for Oxigen WalletServicesChargesFull KYC WalletWallet to Wallet ( W2W)FreeWallet to Bank Account ( W2A)For customers, 2% of transaction amount. (Minimum Rs.5)Wallet to Non-WalletFree13 more rows

Does Paytm charge for adding money?

When contacted, a Paytm Payments Bank spokesperson said customers have the flexibility to add money to their Paytm wallet from any of their preferred funding source, including UPI, net banking and cards. … The 2% charge is passed on to customers, who use credit cards for adding funds to their wallet.

How can I send money through Paytm without KYC?

How to Use or Transfer Paytm Balance without KYC?Open Scanner in Paytm.Scan Barcode of your Friends Merchant Account.Enter money and Send Money.It will transfer to Your Friends Bank Account.

Can I pay from Paytm without KYC?

A. Minimum KYC is required for using Wallet. Without minimum KYC it is still possible for you to use Paytm for UPI money transfer and make purchases using credit/debit cards and net-banking.

Why can’t I transfer money from Paytm to bank account?

At Paytm, we allow our customers to send money from their Paytm Wallet to any other bank account as and when they wish to. … However, it is important to note that this service of wallet to bank transfer is only for customers who have entirely completed the KYC process.