Paytm: How to Transfer Paytm Balance to Bank Account

How to Transfer Paytm Balance to Bank Account: Do you want to send money from Paytm to Bank? Do you want to transfer Paytm Balance to your bank account?

If you use Paytm Wallet, then this question must also be going on in your mind? How can I easily send my Paytm Wallet Balance directly to the bank account? Or maybe you have already used this service? And you must have sent your Paytm Balance directly to the bank account many times?

But let us tell you that not everyone can easily take advantage of this facility. Because they do not know at all how to send money from Paytm to bank account directly? And what kind of free service can they use?

If you also do not know how to send money from Paytm to bank account yet, then do not worry. Because in a while you will also be able to transfer money directly from Paytm to bank account.

Yes! Let us tell you. You can transfer money from Paytm to bank account very easily! And for this you will not even need to take information from any knowledgeable people.

Because in this post I will tell you how to transfer money from Paytm to bank account, how can you also transfer your Paytm Wallet Balance directly to your bank account?

How to transfer Paytm Wallet Balance to your bank account.

Step: #1 – Open Paytm App

Step: #2 – Go to Passbook Section

Step: #3 – Tap on Send Money to Bank Option

Step: #4 – Fill the sender's bank details

Step: #5 – Enter OTP will come on the registered mobile number

Step: #6 – Then Confirm.

Now let us understand this process in detail and know how to transfer Paytm Wallet balance to your bank?

Step: #1 – Open Paytm App

First of all, open the Paytm app installed on your mobile phone. To open it, tap on this Paytm icon once with your finger or thumb. And by doing this, the Paytm app will open completely.

After you open Paytm, then check whether you are logged in paytm app or not. If you are not login in paytm app then you should login first. Only then you will be able to complete the further process.

Now we have assumed that we have login in Paytm app.

Step: #2 – Now go to Passbook

After opening Paytm, you will have to slide the upper screen once from the left side. Then you will get to see the option of Paytm Passbook in front of you. Now to go to Passbook, you have to click on the Passbook icon once.

Step: #3 – Tap on Send Money to Bank

Now by clicking on Passbook, your Paytm passbook will open in front of you. In which the total balance of your paytm will be visible. And in such a situation, you will get two options below it. In which the first will be the Send money to Bank option, and the second will be the Add money to Paytm Wallet option. From here you click on the first one i.e. tap on Send Money to Bank.

Step: #4 – Now you fill the bank details

Now you will have to fill the bank details. In which you have to fill the Account Number, Account Holder's Name, IFSC Code, and the amount you want to send, and fill in the information like Optional Description (reason for sending money).

If you do not know what is the IFSC Code of your bank, then you can find the IFSC Code by going to Find IFSC Code. When all this information is filled correctly then . After that click on Proceed from below.

Note that: – If you have added a bank account, then you will not need to fill the bank account details again. All you have to do is choose the bank account.

Step: #5 – OTP will be received on your registered mobile number and enter it

Now Paytm has to be verified through your registered mobile number, OTP – One Time Password is sent to your registered mobile number by SMS. Enter it at the appropriate place and verify it.

Step: #6 – Now Last Time Confirm

After this, now you will be getting the message of Money Successfully Sent. This means that your Paytm Balance has been transferred to your bank account. To see this, the bank account in which you have sent money. You will be able to check the balance of that bank account.

congratulation! You have successfully transferred money from Paytm Wallet directly to your bank account. Now, you will be able to send money to anyone's bank account in the same way.

Know some common questions and answers related to transferring money from Paytm to bank account.

Question #1 – What are the fees/charges for transferring Paytm Wallet balance to bank account?

Answer – According to the latest charges issued by Paytm, 5% fee is charged for transferring the amount from Paytm wallet to bank account.

Suppose you want to send ₹ 100 to your bank account, then you will have to pay 5 percent charge of ₹ 100 i.e. ₹ 5 will have to be charged as fee. If you pay this fee separately then you will get full ₹ 100 in your account. Otherwise, only ₹ 95 will be transferred after deducting the fee in the bank account.

Question #2 – Why this fee is charged on Paytm Wallet balance transfer to bank account?

Answer – According to Paytm, when you add money to Paytm Wallet, it pays some fees to Paytm in return to your bank. Which does not charge you at that time. When you transfer the same money to your bank account, Paytm charges you such a fee to recover its cost.

If you want to avoid such charges, instead of transferring the Paytm Wallet balance to the bank, you can use it to buy goods from Paytm Mall and do recharge and other things.

Question #3 – What is the minimum and maximum balance transfer limit from Paytm Wallet to Bank at one go?

Answer – Let me tell you that it depends on the type of KYC of your Paytm account. As per the KYC restrictions of Paytm Payment Bank, you will be able to transfer a minimum of ₹100 and a maximum of ₹25,000 if your wallet is fully KYC verified.

If you haven't done full KYC of your account yet, then you will not be able to transfer from Paytm Wallet to Bank.

See more: What is Paytm Wallet?