How to Send Money Paytm to Bank Account without Charges?

Do you have money in Paytm wallet and want to transfer it to your bank account. You can transfer Paytm money to bank without any extra charge. Yes, you heard it right. Are you still unaware of this trick? Know how to transfer Paytm money to bank account at zero cost.

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  • UPDATED ON: 3 Oct 2019

Tip: If you want to send money to bank account without charges, first send the money to Paytm business account, then ask that person to transfer to your Bank account. The shopkeepers that accept payment via Paytm have business account so they can transfer for free.

No doubt Paytm is the most popular online payments App. The popularity skyrocketed during the phase of demonetization where it became the first choice for all commoners.

One of the main reasons for the growing user base is cashback offers. You get cashback on everything from mobile recharge to flight and bus tickets with Paytm Coupon Codes. And the cashback you earn, Paytm money can be transferred to your bank account.

Paytm Wallet to Bank account transfer is easy and you can send money to the bank at no extra charges as well. Also, check how to send money from Paytm postpaid to the wallet. Paytm Postpaid offers a credit limit of up to Rs. 60,000 to users.

Note: To transfer money from Paytm wallet to bank account 5% charges are levied on your transaction.

Paytm to Bank Transfer Process

The confusion of how to send money from Paytm to Bank account remains for some users. Although the money kept in your Paytm Wallet is never wasted as you can use it for various online and offline transactions such as local kiryana stores, bus tickets, metro recharge, online shopping and of course bus and flight tickets.

If you have linked a bank account to Paytm you can do free transactions with BHIM UPI. In fact, you can even earn cashback by transferring money through Paytm UPI offers. But that is bank to bank money transfer here, we are talking of wallet to bank transfer.

Let us start with Paytm to the bank transfer process. First, you should know that the bank transfer is only available on Paytm App. Many people search for this option on the website but it is not available on the desktop.

Although you can add Paytm balance on the website but for transfer, you need to use the mobile app.

Note: To transfer money from Paytm to Bank account, you need a KYC verified account. You can get instant KYC by linking your Aadhaar card to Paytm account.

Steps to Send Paytm Money to Bank Account

  • Open the Paytm app.

  • Tap on 'Passbook'.

  • Select 'Paytm Wallet'.

  • Select 'Send Money To Bank'.

  • Tap 'Transfer'.

  • Enter the amount & bank details (Account No. IFSC code etc.).

  • Confirm the transfer.

  • Money is transferred successfully.

Key Things to know before You Send Paytm Wallet balance to Bank Account

  • You can send any amount between Rs. 100 to Rs. 25,000

  • The minimum money to send from Paytm wallet to bank account is Rs. 100

  • Transfer charges of 4% applicable on all transfers to a bank account

  • You need Account No, IFSC code, and account holder's name

Trick- You can try this trick. First, send Paytm wallet balance to a business account using Scan QR Code. Then ask the business account holder to transfer the money to your bank account without charges. To open a Paytm Business account you only need to provide your PAN card number.

Recently, Paytm Payments Bank was launched as well. You can open a savings account with Paytm and earn interest of up to 7 per cent. Paytm savings account comes with a free digital debit card as well.

Paytm debit card offers discount and cashback on online transactions. So, if you have a Paytm Savings Account, you can transfer your wallet money to that account free of cost. And then you can transfer from your Paytm savings account to any other bank account for free.

Paym Bank Transfer cashback can be availed with UPI. Check Paytm send money cashback offer for today to earn on your transactions. Paytm UPI Offers up to Rs 5,000 cash back to users on money transfer.

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