How to Send Money From Paytm to Bank Account – Paytm has turned into the go-to computerized digital application for some people in India after the demonetization drive, and the organization has added a huge number of dealers to its stage inside long periods of Prime Minister Narendra Modi’s declaration of discarding Rs. 1000 and old Rs. 500 money notes. From vegetable merchants to supermarkets, everybody is joining the Paytm cashless digital stage.
In any case, there has been some disarray with respect to what occurs after a vendor gets a payment from a customer by means of Paytm. In what manner should traders send money from Paytm to a bank account? Look down to discover the basic procedure to transfer cash from your Paytm to a bank account.
So as to exchange cash from your Paytm wallet to a bank account, you require the name, account number, and IFSC code of the financial bank account holder. Be that as it may, there is Rs. 20,000 limit on transactions (Rs. 50,000 for traders) on the off chance that you haven’t got your KYC (Know Your Customer) process done. In the event that you have to transfer more than the limit, you will require connecting with Paytm to complete your KYC.
Doing as such is additionally very easy: first, discover a Paytm KYC centre near you, and give the pertinent RBI-approved documents(Aadhar card, passport, your voter ID card, driving license, or NREGA work card). You can likewise type in your Aadhaar number and afterwards ask for a visit at your location. While the PAN card number isn’t significant, it ends up necessary on the off chance that you need to transfer more than Rs. 50,000 out of a single transaction. You can direct boundless transfers after the KYC is finished.
The KYC procedure can take up to 48 hours, yet you can abbreviate it by giving Aadhar card as confirmation of way of life as the biometric check “results in quick completion of the process,” says Paytm.
How to Send Money From Paytm to Bank Account
- Open the Paytm application on your mobile phone and tap the Passbook icon
- Here, select the Send Money to Bank option
- Tap on Transfer
- Enter the amount, the account holder’s name, bank account number, and IFSC code
- Hit the Send button
The most effective method to transfer money from Paytm Wallet to a bank account using Paytm desktop website
- Open Paytm.com site and log in to your account
- Roll the mouse cursor over your name at the upper right of the screen and tap on Paytm Wallet
- In this window, select the Transfer to Bank option and type in the necessary details
- Hit the Send Money button
In the event that you are another Paytm customer without KYC, you need to hold up three days to transfer cash from your Paytm Wallet to a bank account. Then again, the people who have finished the KYC procedure can begin bank transfers quickly.
Transferring cash from your Paytm Wallet to bank accounts was for nothing out of pocket till December 31 for dealers who have done KYC, yet not any longer – customers need to pay a charge of 2 percent now. You can send at least Rs. 100 to your bank account by means of service. Each Paytm customers can transfer up to Rs. 5,000 at any given instant, with 25,000 every month the limit. On the off chance that you are a shipper, you can exchange up to Rs. 50,000; with the limit going up to Rs. 1 lakh in the event that you are a customer who’s done his or her KYC.
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