How to Transfer Money from Paytm Postpaid to Bank and Wallet?

author Ankita Content Writer

Did you know? Transferring money from Paytm Postpaid to Paytm Bank and Wallet is possible. Yes, it can be done in a few simple steps.

In this article, I will tell you How to Transfer Money from Paytm Postpaid to Bank and Wallet

As you know, Paytm Postpaid can be used for mobile recharge, movie tickets, shopping, etc. But there are certain limitations, such as you can’t directly transfer the money to your bank and wallet. You need a business account to transfer money from Paytm Postpaid to your Paytm wallet.

So, this article will help you to know everything, including PayTm Postpaid features and Eligibility. Just stick to this article. 

You can also read this Article: How to Use Paytm Cashback Points?

How to Transfer Money from Paytm Postpaid to Bank or wallet?

How To Transfer Money From Paytm Postpaid To Bank And Wallet?

To know the simple steps of How to Transfer Money from Paytm Postpaid to Bank and Wallet, follow this process-

1. To A Bank Account 

  • First, go to the Paytm app. 

  • Then Tap on the PAY option. 

  • Scan the Paytm business barcode of your own friend or family

  • Pay the amount through the Paytm Postpaid balance option.

  • Now, the payment has been successfully credited to the merchant account. 

  • After that, you can successfully transfer this money to the Paytm business bank account.

  • And then, you can transfer that money to your own account.

2. To A Wallet

  • Open Paytm App

  • Select the amount

  • Transfer money to a Paytm Business account

  • From that account, you can transfer to your Paytm Wallet

  • If you have a business account, you can also transfer to a bank account for free

How To Transfer Paytm Postpaid Balance To Bank Account In An Instant?

Rent payment is one easy way to transfer paytm postpaid money to your bank account quickly and charge-free. The limit is Rs.3,00,000 per month.

Step 1- Open Paytm app

Step 2- Search for ‘Rent payment’

Step 3- Enter your bank account no., name of account holder and IFSC code

Step 4- Enter the amount and click on ‘transfer’

Your payment has been successfully transferred. 

If you are interested to know Best Paytm Cash Earning Games, read this Article

What is Paytm Postpaid?

Buy now, Pay later. Paytm launched a credit service for selected users to spend money and pay back later. Paytm Postpaid is similar to credit cards. The service allows users to recharge, book movie tickets, and shop on Paytm. The service can be accessed on 1.5cr plus shops across India, including your favourite app and website. 

The user can borrow upto Rs.60,000 at a 0% interest rate for 30 days. The user has to pay back the amount spent in these 30 days to avoid any penalty or late fee. Paytm will also charge a convenience fee on this loan. A consolidated bill is generated on the 1st of every month, and the payment is due on the 7th of that month. 

Features of Paytm Postpaid:

These features of Paytm postpaid that you need to know before using it are:

  • Get instant money

  • Nominal chargers ranging from 0-3%

  • No documents required

  • Zero joining fee

Paytm Postpaid Use

You can use Paytm Postpaid on 1.5 cr plus shops across India, including your favourite apps and websites. 

  • It can be used to pay bills and do recharge

  • It can be used to pay education loans, EMI and insurance fees 

  • It can be used to book online tickets for travel or entertainment purpose

  • It can be used to pay for various insurances powered by Paytm

Paytm Postpaid Eligibility

The activation of Paytm Postpaid is entirely online without needing any visit to the branch. The credit limit is decided based on a user's transaction history on Paytm.

However, there are certain eligibility criteria for users who can apply for Paytm postpaid loan- 

  • User must have a valid PAN number

  • User must be over 20 years of age

  • User must have Indian citizenship

  • User must have complete KYC on Paytm

There is also the option to make utility payments and online transactions on-site, such as Domino's, Pepperfry, Tata Sky, etc. 

The option to accept payment using Paytm Postpaid is available for select merchants only. Even if you can transfer the loan money from Paytm Postpaid to your wallet, make sure to repay the due amount otherwise, additional charges will be applicable. 

Your credit score will also get low in case of late payments. And that will hamper your future loans. 

Late fees are also charged which range from Rs.0 to 750, depending upon the postpaid loan of the user. 

I believe if you are here to know How to Transfer Money from Paytm Postpaid to Bank and Wallet, you should also know about Paytm Postpaid Eligibility.

Paytm Postpaid Charges

Users will receive an interest-free loan of upto Rs.60,000 for 30 days. However, a nominal fee of 0-3% will be charged as convenience fees. 

Also, a late fee of Rs.0-750 will be applicable in case of late repayments. 

How to Activate Paytm Postpaid?

Before you follow the process of How to Transfer Money from Paytm Postpaid to Bank and Wallet, you should also know about the activation process of Paytm Postpaid. Check it out-

  • Login to the Paytm App

  • Spot the Paytm Postpaid Banner

  • Click on the banner

  • Tap on "Activate My Paytm Postpaid"

  • Enter PAN number. DOB and email ID

  • Submit your Paytm Postpaid application online

  • Done! Your Paytm Postpaid account is activated

Paytm Postpaid Terms & Conditions

  • Maximum loan limit is Rs.60,000 per month. 

  • Paytm claims the authority to close this offer without any earlier notification. 

  • Any misuse of the offer claims the authority to take legal action against the individual. 

  • Make sure that this offer works in your state before activating this offer. 

  • Users must go through the terms and conditions given on Paytm website before activating this plan. 

How To Transfer Money From Paytm Wallet To Bank Account? 

You can easily transfer money from Paytm wallet to bank account in just a few steps. 

Step 1- Open Paytm app

Step 2- Tap on Passbook 

Step 3- Select Paytm wallet

Step 4- Click on Send money to bank 

Step 5- Tap Transfer 

Step 6- Enter amount and bank details 

Step 7- Confirm the transfer 

Congratulations! Your money has successfully been transferred. 

Paytm Postpaid Customer Care Number

Paytm Postpaid always cares about its customers. It gives its customers special services for all their needs. You can call the toll-free numbers 0120-3888-388 or 0120-4456-456 to seek customer support for issues related to Paytm Postpaid. People who use Paytm can connect to their customer care services 24*7 as they are available at any time.


Transferring money from Paytm Postpaid to a bank and wallet is easy and can be done in just a few clicks. In this article, I have covered the steps of How to Transfer Money from Paytm Postpaid to Bank and Wallet with some vital information regarding Paytm Postpaid, its top-notch features and eligibility. If you are also looking for a method of How to Activate Paytm Postpaid, I have also shared the steps above. More questions? Why not drop it in our comment section? 


Q. When can I use Paytm Postpaid money?

A. Paytm's NBFC partners provide the Buy Now, Pay Later option known as a Postpaid Loan. Users can receive up to Rs. 60,000 in credit each month with Postpaid, with no interest charged for up to 30 days. They can use this credit at over 1.5 crore websites and retail locations for purchases, bill payments, recharges, reservations, etc. and pay it back the following month.

Q. Can I use Paytm Postpaid to pay the merchant?

A. Users of Paytm have the option to pay using a variety of sources, including Postpaid and Wallet. 

Q. What are the disadvantages of Paytm postpaid?

A. Before granting a user a credit limit, Paytm Postpaid may run a credit check; if this happens, the denial will have a negative effect on the user's credit score.

Q. Is Paytm postpaid good?

A. Paytm Postpaid has an impact on your credit score because it functions similarly to a credit card. Paying off your Paytm Postpaid bill on time will help you establish good credit. It will enable you to accept favourable credit card and loan offers. Your credit score will suffer if the postpaid bill amount is not paid on time.

Q. Does Paytm postpaid take legal action?

A. In order to avoid any negative consequences, it is best for users to pay off any outstanding postpaid bills as soon as possible. However, there's little chance of a formal civil lawsuit. Notifications and calls from customer support or recovery representatives, however, are inevitable.

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