Don’t have net banking for sending money to someone? Get rid of the lengthy process of entering a name, account numbers & IFSC, and sometimes also looking to add beneficiaries which will take 24 hours to activate. Don’t worry you can also send money from Paytm to anyone’s bank account within a minute from your bank account.
Pro Tip: You can also read our step by step by step guide on How To Recover Paytm Password and How To Pay Water Bill From Paytm
How To Transfer Money From Paytm
You can use Paytm for multiple services like Mobile Recharge, Metro Recharge, Broadband Bill Payment, Buy & Sell Gold, and many more. With the evolution of the Digital Payments system transferring money to anyone is easier as compared to earlier. No need to stand in the bank queue only to send money which you can do with your mobile also.
Step 1: First of all launch your Paytm app and make sure you have logged in to your Paytm Wallet and tap on pay.
Step 2: Now there are two ways, one is by using the Paytm QR Code and the other is by entering the mobile(linked to Paytm). It is upto you which method you will use. Usually while paying at merchant you can easily find the QR Code and you can also generate your own Paytm QR Code.
Step 3: Now you can see the account holder name(for confirmation process) and the previous transaction(if you have ever done). Simply click on pay and proceed further.
Step 4: At this step you can see the account details of reciever and the bank aacount from whihc you are paying. You can select the bank account for payment purpose if you have linked multiple bank accounts in Paytm and then proceed for paymet.
Step 5: After successful payment you can see the popup of successful payment.
FAQ (Frequently Asked Questions)
Do KYC for Paytm?
As per the guidelines of RBI (Reserve Bank Of India) all customers of any wallet or bank who want to use for higher balance (Limit will increases) for sending money or for another purpose. There are several steps that are to be followed to complete your Paytm KYC.
How can I see my Paytm statement?
To download the Paytm wallet statement first understand the Paytm. Paytm is India’s largest digital payment platform that allows the user to do various transactions like Mobile Recharge, Send Money (Wallet to Wallet And Wallet To Bank), Metro Recharge, Broadband Bill Payment, Buy & Sell Gold, and many more. For this first, you need to Complete Paytm KYC. If you have completed your Paytm KYC then you can Download the Paytm Statement.
Would you buy Gold from Paytm?
Yes, buying Gold is absolutely legal in India. Whether it is online or offline. The best part of buying gold online is we can buy gold for any amount like we can buy gold for as low as 1Rs. There are various sites that offer Buy Gold like, Paytm, PhonePe, Mobikiwk, Google Pay, etc.