Paytm has become one of the most revolutionary e-commerce payment services in India. It has changed the conventional payment regime in India. Now customers prefer vendors who at least have a Paytm account to do the transaction. And paytm charges are also very nominal (in most cases, negligible).
Paytm is a single hub for all your needs of payments. The brand has evolved to such excellence that now Paytm users do not have to visit any website to make the payments. Every payment facility is available on Paytm.
Paytm users can also transfer money from Paytm wallet to the receiver’s account. Paytm has made money transfer relatively easy. Users do not need to add the receiver’s account number as a beneficiary and wait 24-48 hours to transfer money. This has also saved a lot of time for paytm casino users.
With Paytm, money transfer is done quite instantly. Users don’t have to worry about paytm fees as well. All your need is the account holder’s name, account number, and IFSC code.
How to send money from Paytm Wallet to Bank Account?
Transferring funds from Paytm Wallet to another bank account is quite simple. We have mentioned the steps below.
- Open your Paytm App on your mobile and click on the show more option.
- Tap on the Wallet icon and select the wallet to bank account option.
- Enter the amount you want to send and click on proceed.
- Now, if you have previously sent money to the bank account, it will be listed in your account history. All you need to do is select the receiver’s bank account number.
- If this is the first time, enter the account holder’s name, account number, and IFSC code.
- You will receive an OTP on your bank registered mobile number.
- Enter the OTP and click on send.
You can also ask for the receiver’s UPI ID and send money directly into the receiver’s account without worrying about any extra paytm charge.
Money Transfer Charges
Paytm does not charge any amount on the fund transfer up to Rs. 25,000. In other words, you are free of paytm charges if you have to do short transactions. If you are adding money from your credit card to your e-wallet and then transferring it to another bank account, 2.5%, including GST, will be charged as paytm fees.
A surcharge of 3%(including GST) will be applicable if you are loading money from your American Express Credit Card to your Paytm wallet. So if you wish to play on paytm betting sites, and are loading money from your bank cards, you need to take these paytm charges in consideration.
If you are a business merchant, you will have to contact Paytm and discuss the charges applicable for transferring money from an e-wallet to a bank account.
The surcharge for merchants is applicable as per their terms. Paytm charges merchants considering various factors like approximate income and business type.
It has a maximum limit of Rs 2 lakhs per month for loading money in a month.
Paytm has a 24/7 customer care helpline. Hence, if you face any issue while transferring money to your bank account, or you face hefty paytm fees, you can always contact customer care to get a professional solution.
Paytm offers one of the easiest methods to transfer money to a bank account. With Paytm wallet to bank account services, users save crucial time and effort for simple fund transfers.
The fund transfer services of Paytm are highly efficient and secure, so users do not need to worry about security.