How to Send Money Paytm to Bank Account without Charges?

You can transfer Paytm money to bank without any charges. Know how to transfer Paytm money to bank account at zero cost.

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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 cash back 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. 

Transfer Money to Bank Account and Earn Up to Rs 1250 

Send money from Paytm Wallet to the bank account and earn up to Rs. 250 cashback. The user has to transfer a minimum of Rs. 100 to qualify for the offer. The offer is for select users on sending money from wallet to bank account. Complete 5 transactions within 30 days to earn up to Rs. 1250 cashback. 

  • Minimum Transaction - Rs. 100

  • Get up to Rs. 250 on each transfer

  • Earn up to Rs. 1250 during the offer duration 

Want more fun stuff? Subscribe to our YouTube Channel for offer videos, products reviews, shopping deals, giveaways and more. Stay tuned for amazing deals and free stuff online. You can also grab 100% cashback offers for a completely free online shopping experience. 

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 Kirana 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 5% 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 discounts 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.

Paytm 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 cashback to users on money transfer.

Frequently Asked Questions

How can I transfer money from Paytm to my bank account?

  • Open the Paytm app

  • Tap the Passbook icon.

  • Select the Send Money to Bank option.

  • Tap on Transfer.

  • Enter the amount, account holder's name, bank account number, and IFSC code.

  • Hit the Send button.

How much money we can transfer from Paytm to bank?
You can transfer up to Rs.20,000 per month from Paytm to your Bank Account. This limit applies to minimum KYC (Rs.20,000) wallet while Full KYC (Rs.1 lakh) wallet users can transfer up to Rs. 25,000 per month. The minimum amount to send to the bank is Rs 100.

Does Paytm charge extra for bank transfer?
Paytm doesn't charge any fee on transferring money from your bank account to another bank account. However, if you transfer money from your Paytm wallet to another bank account, the company will charge a fee of 5%.

How can I increase my Paytm limit to 1 lakh?
As a Paytm KYC user, you can accept up to Rs. 1 lakh in a month. You can transfer to bank/wallet Rs.10,000 without adding beneficiary and Rs. 25000 by adding a beneficiary.

Can we send money through Paytm website?
No, the option is available only on Paytm app.