How to Send Money From Paytm Wallet? | Ways to Transfer Wallet Money to Bank Account

Paytm UPI can be used for interbank transfers, its e-wallet feature enhances the digital payment experience for users. In addition, you can transfer money directly from your Paytm wallet into your online bank account. The Paytm wallet offers zero-cost transfers to other bank accounts, including to your own account and to recipients’ banking accounts, even if the recipient is not a Paytm user.

• Send money from Paytm Wallet to Bank Account
• How to Transfer Paytm Wallet Money to Bank Account?
• How to send money from Paytm to users without KYC?
• Is Paytm Safe to use?
• Why is Paytm Banned?
• How to transfer money from a Paytm wallet to a bank account without fees or charges?

Send money from Paytm Wallet to Bank Account

• Go to the Paytm application, and click on the ‘Paytm Wallet’ icon in the My Paytm section of the app.
• As soon as you open the Paytm Wallet, you can choose ‘Pay’, ‘Transfer to Bank’, Send a Gift Voucher, and ‘ Automatically add money’. If you want to send money to your bank account then click on ‘Transfer To Bank’.
• Transferring an amount between Rs. 25 and Rs. 25,000 from your wallet to a bank account can be done by adding the bank account. If you have previously sent money from your wallet to the account, you can choose it from the saved lists.
• If you have to add a new account, you need to enter all the details of the account holder like Account name, number, IFSC code, etc.
• Additionally, if you select ‘Pay’ you will be able to pay into a bank account by scanning the UPI QR code of the recipient. When you make the payment, you can use both the liked bank account and the Paytm Wallet.
• You can also send money by entering the mobile number or choosing from your contacts; if the mobile number is registered with UPI, you can do it from your wallet or account.
• You need a wallet balance to transfer money from your wallet, which you can add using UPI, credit cards, and net banking. You can also set up automatic adding of money, in which case you can fix the money of money to add automatically each time the wallet balance goes below a specified amount.
• With the feature of Paytm Transit credits,  you can use Paytm anywhere you wish or like to use.

Read More: How to Add Money in Paytm Wallet

How to Transfer Paytm Wallet Money to Bank Account?

FAQs on Paytm Wallet to Bank Transfer

1. How to send money from Paytm to users without KYC? 

You just need to follow these simple 5 steps to send money from Paytm to a user without KYC:

• Go to the Paytm application.
• Login to your Non-KYC account.
• Click on Send Money to others.
• Enter the amount you want to send.
• Tap on the ‘Pay’ Button.

OR

• Tap to Paytm Scanner.
• Scan the Barcode of the recipient account.
• Enter the money you want to transfer, and click on the ‘Send’ button.

2. Is Paytm Safe to use? 

The UPI payments are entirely safe. The Reserve Bank of India and NPCI regulate UPI payments, and mobile payment applications like Paytm follow all the guidelines laid forth by these regulators.

3. Why is Paytm Banned? 

Paytm Payments Bank has been banned from accepting new users as the Reserve Bank of India discovered that its servers were sharing information with subsidiaries of Chinese companies indirectly owning stakes in the fintech giant.

4. How to transfer money from a Paytm wallet to a bank account without fees or charges? 

You can transfer wallet money from your Paytm account to your bank account without being charged, provided your KYC status has been verified. In addition to the ‘send money to bank’ option, you can use the Paytm for Business app to transfer wallet money. You can easily transfer up to Rs 20 to Rs 20,000 without charges.

Conclusion

Paytm is RBI-approved and is completely safe to use. You can easily perform all the transactions like recharging your mobile phone, paying bills, Online shopping, Paying a merchant or vendor, and many more.

Here, we have mentioned to you how to send money from your Paytm wallet. All the steps have been clearly mentioned so that you don’t have any problems while following these steps. You can even have a quick glance at our article on How to Transfer Money from Amazon Pay to Bank Account.