How To Transfer Money From Paytm Wallet To Bank Account?

Paytm Wallet stands as a digital powerhouse in today's landscape. Its versatile features spanning across 12 million storefronts, UPI transactions, and seamless bill payments make it an indispensable tool in the digital age. The Paytm Wallet streamlines your financial transactions, from mobile recharges to settling credit card bills. 

One standout feature of the Paytm platform is the ability to transfer funds effortlessly to any bank account, whether yours or someone else's, without incurring extra charges. In this article, we will guide you through the simple steps of how to transfer money from Paytm wallet to bank account.

How to Transfer Money from your Paytm Wallet to a Bank Account?

If you have received cashback in your Paytm Wallet and are unsure of how you can utilise it, here’s the answer. You can transfer your Paytm balance to your bank account.

There are two primary ways in which you can utilise your Paytm balance. Firstly, you can use your Paytm balance when you make payments for your next purchases. Whether it is online shopping, utility bills, or recharges. 

Secondly, you can transfer your Paytm balance to your linked bank account and utilise it for various purposes, such as bill payments, withdrawals, or online transactions.

No KYC is required when transferring money from a Paytm wallet to a bank account. The minimum transfer amount is Rs.100. There is no charge applicable for transferring funds to your bank account. You can transfer up to a maximum of Rs.25,000 per transaction and Rs.1,00,000 per day.

By following these guidelines, you can easily transfer your Paytm balance to a bank account and utilise it for various purposes.

Step-by-Step Guide on how to Transfer Money from Paytm Wallet to Bank Account

Here is a step-by-step guide on how to transfer Paytm wallet money to a bank account:

Step 1: Open the Paytm app on your mobile device. 

Step 2: Scroll down to the ‘My Paytm’ section and click the ‘Paytm Wallet’ tab. 

Step 3: Select the ‘Transfer to Bank’ option on the next page.

Step 4: Enter the amount for the money transfer on the new window.

Step 5: Fill in the required information, including the account number, IFSC code, and the name of the account holder or select a saved bank account and click ‘Confirm’.

Your requested amount will be swiftly transferred and credited to the specified bank account. 

Conclusion

Now that you have a comprehensive idea of how to transfer money from your Paytm wallet to a bank account, you can easily transfer funds to your account. The entire process occurs seamlessly within the Paytm app. It also offers a user-friendly and secure means of transferring funds to a bank account.

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