{"id":1227,"date":"2020-06-16T11:11:04","date_gmt":"2020-06-16T11:11:04","guid":{"rendered":"https:\/\/www.kaashivinfotech.com\/tutorial\/?p=1227"},"modified":"2020-06-16T11:11:04","modified_gmt":"2020-06-16T11:11:04","slug":"how-to-transfer-money-from-paytm-to-bank-account","status":"publish","type":"post","link":"https:\/\/www.kaashivinfotech.com\/tutorial\/how-to-transfer-money-from-paytm-to-bank-account\/","title":{"rendered":"How to Transfer Money From Paytm to Bank Account"},"content":{"rendered":"

Paytm<\/span> has become the go-to digital payments app<\/span> for several people in India after the demonetisation drive, and therefore the company has added thousands of merchants to its platform<\/span> within days of Prime Minister Narendra Modi\u2019s announcement of scrapping Rs. 1000 and old Rs. 500 currency notes. From vegetable vendors to grocery stores, most are joining the Paytm cashless payments platform<\/span>.<\/p>\n

But there has been some confusion regarding what happens after a merchant receives a payment from a customer via Paytm. How should merchants transfer money from their Paytm Wallet<\/span> to bank accounts? Scroll right down to determine the straightforward process to transfer money from your Paytm to bank accounts.<\/p>\n

In order to transfer money from your Paytm wallet<\/span> to a checking account , you would like the name, account number, and IFSC code of the checking account holder. However, there’s a Rs. 20,000 limit<\/span> on transactions (Rs. 50,000 for merchants) if you haven’t got your KYC (Know Your Customer) process done. if you would like to transfer quite the limit, then you’ll need get in-tuned with Paytm to urge your KYC done<\/span>.<\/p>\n

Doing so is additionally quite simple: first find a Paytm KYC centre on the brink of you, and supply the relevant RBI-approved documents (Aadhar card, passport, voted ID card, driver’s license , or NREGA job card). you’ll also type in your Aadhaar number, then request a visit at your address. While the PAN card number isn’t necessary, it becomes mandatory if you would like to transfer quite Rs. 50,000 during a single transaction. you’ll conduct unlimited transfers after the KYC is completed .<\/p>\n

The KYC process can take up to 48 hours, but you’ll shorten it by providing Aadhar card as proof of identity because the biometric verification \u201cresults in instant completion of process<\/span>,\u201d says Paytm.<\/p>\n

How to transfer money from Paytm to any checking account using Paytm app<\/h3>\n
    \n
  1. Open the Paytm app on your smartphone and tap the Passbook<\/strong> icon<\/li>\n
  2. Here, select the Send Money to Bank<\/strong> option<\/li>\n
  3. Tap on Transfer<\/strong><\/li>\n
  4. Enter the quantity , account holder\u2019s name, checking account number, and IFSC code<\/li>\n
  5. Hit the Send button<\/strong><\/li>\n<\/ol>\n

    How to transfer money from Paytm Wallet to checking account using Paytm desktop website<\/h3>\n
      \n
    1. Open Paytm.com website and login to your account<\/li>\n
    2. Roll the mouse cursor over your name at the top-right of the screen and click on on Paytm Wallet<\/strong><\/li>\n
    3. In this window, select the Transfer to Bank option<\/strong> and sort within the requisite details<\/li>\n
    4. Hit the Send<\/strong> Money<\/strong> button<\/li>\n<\/ol>\n

      If you’re a replacement Paytm user without KYC, you’ve got to attend three days to transfer money from your Paytm Wallet to checking account . On the opposite hand, those that have completed the KYC process can start bank transfers immediately.<\/p>\n

      Transferring money from your Paytm Wallet to checking account was freed from charge<\/span> till New Year’s Eve for merchants who have done KYC, but not anymore – users need to pay a fee of two percent now. you’ll send a minimum of Rs. 100 to your checking account via the service. Every Paytm users can transfer up to Rs. 5,000 at a time, with 25,000 per month the limit. If you’re a merchant, you’ll transfer up to Rs. 50,000; with the limit rising to Rs. 1 lakh if you’re a user who’s done his or her KYC.<\/p>\n

      Check out our similar guides for MobiKwik and FreeCharge.<\/p>\n","protected":false},"excerpt":{"rendered":"

      Paytm has become the go-to digital payments app for several people in India after the demonetisation drive, and therefore the company has added thousands of merchants to its platform within days of Prime Minister Narendra Modi\u2019s announcement of scrapping Rs. 1000 and old Rs. 500 currency notes. From vegetable vendors to grocery stores, most are […]<\/p>\n","protected":false},"author":3,"featured_media":1228,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[172],"tags":[555,557,558,556],"yoast_head":"\nHow to Transfer Money From Paytm to Bank Account - Tutorials | KaaShiv Infotech<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kaashivinfotech.com\/tutorial\/how-to-transfer-money-from-paytm-to-bank-account\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Transfer Money From Paytm to Bank Account - Tutorials | KaaShiv Infotech\" \/>\n<meta property=\"og:description\" content=\"Paytm has become the go-to digital payments app for several people in India after the demonetisation drive, and therefore the company has added thousands of merchants to its platform within days of Prime Minister Narendra Modi\u2019s announcement of scrapping Rs. 1000 and old Rs. 500 currency notes. 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