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What is Paytm Money Transfer?
Paytm Money Transfer is an instant, safe and secure money transfer method introduced by Paytm through BHIM UPI. BHIM UPI is a revolutionary technology that enables money transfer directly to and from your account using your mobile number. You just need to link your bank accounts on Paytm and give one UPI address. Later on, you can choose the bank from which you wish to make a particular payment.
Benefits of Paytm Money Transfer
- It is an easy process to transfer money from one account to another
- Money transfer via Paytm is convenient as it saves you from lengthy IFSCC and beneficiary additions
- Transactions are instant as compared to NEFT transfers that gets delayed due to their fixed slot process
- Real-time monitoring by Paytm ensures safe and secure transaction of your money
- Avail cashback and offers on your every successful money transfer from Paytm UPI offer
How To Transfer Money With Paytm? (Bank)
Paytm Money Transfer Step 1: Download the Paytm android application from Google store.
Paytm Money Transfer Step 2: Login/Create your Paytm account.
Paytm Money Transfer Step 3: Click on Bank Transfer Icon.
Paytm Money Transfer Step 4: Link your bank account with Paytm and choose the bank with registered phone number as your Paytm.
Paytm Money Transfer Step 5: Set your MPIN (4 to 6 digit passcode) using your phone number.
Paytm Money Transfer Step 6: Enter the details of the account holder to which you need to transfer the money
Paytm Money Transfer Step 7: Fill the amount to be transferred
Paytm Money Transfer Step 8: ‘Transaction successful’ message will reflect on the screen
Paytm Money Transfer surpasses all other modes of transaction and it is the benchmark for all other transaction methods available. It marks the new digital era that offers real-time and instant money transfer to bank accounts.
Are there any charges to transfer money from Paytm to the bank?
Paytm charges 3% of your total amount that you transfer from Paytm to the bank account. Charges are NIL for people who are listed as a Paytm merchant.
How can I transfer money from Paytm to another bank?
Select ‘Paytm wallet’and click on ‘Send Money to bank’ and transfer it to the bank account by adding the correct bank details.
Why is Paytm charging for transferring money to any bank account?
Paytm uses IMPS technology that is available 24X7 and you can transfer or credit money in your wallet instantly. The amount of money you transfer from a bank account charges Paytm to use this IMPS mode.
How can I transfer money through BHIM UPI?
You need to create a unique ID which is known as UPI to transfer money virtually as it is mapped against your existing bank account.
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