how to check paytm balance

Paytm Forgot Password

India’s Paytm is further protecting its digital wallet for users. On Thursday, the company said it was rolling out an app-level password feature for Paytm Wallet. Once enabled, a user will need to access Paytm Wallet and enter their passcode before sending money. For the feature currently available exclusively in the Android app, a user must first turn on the minimum security on their phone and then update the Paytm app. This is a security alert feature. Although the company is positioning it as a continuing focus of this new feature to make Paytm services more secure, this rollout will come days after several users have identified a potential vulnerability to Paytm. Many noted that some users are reluctant to hand over their unlocked smartphones to their friends or even strangers in some cases. It will potentially expose their phones to anyone who may abuse Paytm (if it is an application installed). Furthermore, there are many users who have no passcode on the phone, making it possible for anyone to hold the device and use Paytm. The company said it would soon launch a similar security option on Paytm’s iOS app. Digital wallet applications have been spreading in India lately in the wake of the country’s massive demonetization measures. Applications such as Paytm and MobiQuick have struggled to get billions of paper bills, suggesting an increase in astronomy in transactions and new downloads. Companies are shaking up new ideas to tap the countries larger under invested market.

Steps to recover the forgot password in Paytm

  1. Click the “Forgot Password” button on your login screen to reset your password.
  2. You dial 0120-3888388 using the phone number you registered with Paytm, then press “1” to reset your password and follow the instructions.
  3. User will receive a link to reset the password via SMS or email.
  4. Click on the Paytm link sent to your phone or email.
  5. Enter a new password (remember this time).
  6. In the Password field, type the new password.
  7. Confirm your new password and click “Submit”.
  8. You now can access your account again. Make sure you take the appropriate steps to remember or log your password!

Full Instruction for Reseting the forgot Paytm Password

For resetting the forgot Paytm password, go to the ‘Accounts’ section at the bottom of the page. Click ‘Forgot Password’ on the login page. Enter your registered email address or mobile number and click ‘go-ahead’ enter the OTP sent to your mobile number and click ‘submit’ or you can click on the link sent to your email to reset your password with the OTP user authentication one. Safe and convenient form. This protects you against common financial frauds, but prospect fraudsters are looking to put their hand in your OTP. Do not share your Paytm OTPs with anyone, especially over a call, SMS or email.

Here’s a catch though an OTP is a convenient way of authentication, and it’s important that you never fall into the trap of cheating and sharing your OTP. The combination of your Paytm registered mobile number and OTP or card details and OTP can be used in a variety of ways. You must not share it with anyone, even if the person is a Paytm or Paytm Bank employee, customer care employee, bank employee, Paytm agent, Paytm KYC agent, RBI official, income tax officer or even share with anyone.

Also Read: Paytm Customer Care

Also Read: How To Transfer Money From Paytm to Paytm in PC

Also Read: How to use Paytm in 2019

Also Read: How to check Paytm Balance

Basic Information on Paytm Password forgot

To add money to Paytm Wallet, Paytm never takes anything from you. This is because they allow you to pay into your wallet to pay their merchant partners. There is a charge for loading money on Paytm Moneybags. But Paytm does not actually charge customers for loading charges. Paytm now absorbs that cost. And once the merchant’s partner is paid out of the Paytm Wallet, the merchant partner carries on. And thus customers never have trouble adding money to Paytm. And basically, it helps paytm get more customers on board, Paytm doesn’t ask for your ATM PIN and it doesn’t store it. Whenever you make a payment or pay with Paytm debit card, you need to type in your card number, the name displayed on the card, expiration date and CVV no. It is sincerely asking for your own bank ATM PIN so it can approve the current payment. Paytm does not ask for or store your ATM PIN. Whenever you make a payment or pay with Paytm debit card, you need to type in your card number, the name displayed on the card, expiration date and CVV no. Paytm will ask if you would like to store the card credentials that comprise the above information. When you enter these details, you are directed to the Bank’s payment gateway. Most of our Indian Bank payments have been securely verified from various companies, such as Gateway Verification. Not too little Indian Bank’s Payment Gateway asks for your ATM PIN to approve the payment. It is sincerely asking for your own bank ATM PIN so it can approve the current payment. So Paytm doesn’t even come into the picture. So the payment is very secure as you are dealing with your own bank.

Conclusion

The company hopes to more enthusiastically demonstrate the initiatives that citizens have faced with serious difficulties, but is making no effort to hide that it is constantly capitalizing on this new development to help improve and create new features that make cashless easy conversion for customers. The latest one has added the ‘App Password’ feature to its Android mobile app his It will enable Paytm users to set a secure PIN, password, pattern or fingerprint to ensure money in Paytm wallet is protected even if the owner’s phone is lost or misplaced. Is done Users can set their phone’s default Android security password by using the ‘Security’ option in the ‘Settings’ menu. So, once you click on ‘Pay’ or ‘Passbook’ in your updated Paytm app, the app will ask you to enable this feature.

“The protection of our customer’s money is very important to us. Introducing the new app password feature is another step in that direction because even if your Paytm wallet is secure, you lose or misplace your phone. Not only can this satisfy our 440 million strong user-base minds but it will also serve as a demonstration of our unwavering commitment to our customers, “says Deepak Abbott, senior vice president of Paytm. After clicking on the ‘Add security’ option the app will want to confirm your phone password and then allow you to set your new application password. Users can choose to disable this security feature by switching the ‘Android Security’ feature in the ‘Security & Settings’ menu of their Android app.

How to Check Paytm Balance

Paytm Recharge or Balance Check via SMS or Missed Call. You can use Paytm Services offline, in other words, you can use Paytm for recharge or you can check the balance of your Paytm account with just a missed call or sending an SMS. Paytm is becoming popular day by day, but it was only for Internet users but now you can use Paytm for recharge without internet with the steps below. In order to use these services, you need Paytm Money in your Paytm wallet, you cannot recharge your debit/credit cards offline, you must add money with your Paytm Money, but you can check Paytm Balance or you can recharge offline. Without wasting too much time, let’s talk about how you can use Paytm to recharge or check Balance via SMS or misseded call.

Paytm Payment History

Launch the Paytm app on your mobile. Before receiving the Passbook Statement, make sure you are logged into your Paytm Wallet. Then select the time period for which you want to generate a statement. Next, a confirmation will appear so you can find your statement in your Registered Email ID showing the online payment platform helps people transfer money from their bank account to Paytm Wallet, which offers. Paytm Money Transfer services such as petrol pumps, department stores, restaurants, multiplexes, parking lots, hospitals and various places where the business is going on, they can pay the bills in different places. Paytm users can book it on one bill (mobile, gas, electricity and others) and tickets (movies, trains and others) among others. If you open the app, there will be an option for “Passbook”. Generally, the monthly limit for general accounts is 20,000. However, since Paytm has introduced new updates for KYC users. The service allows you to transfer your balance to bank account up to Rs. 5,000 at a time, with a limit of 25,000 per month. If you are a merchant you can earn Rs. 50,000, the limit is Rs. 1 million if you are a user who has done KYC.

Also Read: Paytm Customer Care

Also Read: How To Transfer Money From Paytm to Paytm in PC

Also Read: How to use Paytm in 2019

Open your phone’s dialer first

Dial the number – 1800-1800-1234 and follow the on-screen instructions

Steps to use Paytm for recharge via SMS

For general recharge:

Open your phone’s message centre

Then type “PAYTM <Space> Recharge

Amount “and send it to 09880001234

For special recharge:

Open your phone’s message centre

Type “PAYTM <Space> Recharge Amount SPL” and send it to 09880001234

Steps to check Paytm Wallet Balance via SMS

Open your phone’s message centre.

SMS: BAL to 09880001234

So it was a great offer from Paytm for recharge or check balance via SMS or Missed Call. These codes are tested by us and working perfectly and are 100% valid and original. It is better to use Paytm online but it is better to use this service on an urgent basis, if your internet connection is closed, save these codes in a note file and use them when you want to recharge. However, there are rare situations where the transaction is not successful but the funds are deducted from your bank account. This is usually post-deduction when your banks do not provide us with a successful or unsuccessful transaction status within the time or we are not able to get the exact status from the bank due to network problems at the bank end. Therefore, it takes a little longer to process these national transactions. Payments keeps checking with your bank at regular intervals to see if your transaction was successful. If your transaction is successful, the money will be added to your wallet immediately. In unsuccessful cases or cases where we do not receive final success / failure status within 48 hours, we urge your bank to immediately refund

Upon this request, your bank processes the refund and immediately shares a Return Reference Number (RRN) with us. The time taken by your bank to transfer this money to your account / card is beyond our control. You can contact your bank customer care to find timelines as per the internal process. Please note that your money is safe in all circumstances and if your transaction fails, your money will be returned to you.

Conclusion

Remember the cash crunch we all saw in 2012, which is the “demonetisation” period? Yes it was frustrating for many (and for some other reasons even more frustrating for some) but going forward, during the Demonetisation period, Paytm was an app that was truly huge in India. Since depositing cash in the bank account was the only option. And so many families had a huge cash crunch. So, at that time it was rather obligatory to be cashless and make online transactions. But now, a few years later, when everything is sorted, using the Paytm app has truly become a habit for everyone to use smartphones. Basically, now we physically forget to carry cash! And that’s because of Paytm.

But if you are literally living under a rock and don’t know what Paytm is, this is a digital payment instrument where you can transfer money from your bank account or credit card or debit card to transactions on the platform. Simply, it is a safe and secure form that we simplify the process of online transactions. But with all these daily transactions, it’s hard to know the balance in your Paytm wallet. And beyond transactions, there are a number of websites that promote using Paytm Wallet to get a discount on your total payments (simplification payments and discounts like a jackpot). So, if you want to quickly recharge someone or buy a movie ticket or any other reason to know your Paytm Wallet Balance fast, you are in the right place!

So, there were the above steps by which a person can check Paytm Wallet Balance on their smartphone without any struggle. Now, the cash in your Paytm moneybag can be used to pay bills in various locations such as gasoline pumps, department stores, restaurants, multiplexes, hospitals and in various places where merchants provide Paytm Money Transfer services.

How to use Paytm in 2019

Since Prime Minister Narendra Modi announced the denomination of Rs. 500 and Rs. 1,000 notes, Paytm and other mobile wallets have grown tremendously. Lack of cash on hand and long lines made digital wallets a necessity for ordinary people – at least smartphones – to bring Paytm’s preferences to the top of the user’s mind.

Paytm claims it has 150 million users as the largest online payment platform in the country. Despite this, there are still many others in India who have not yet been able to use Paytm and its digital wallet. Are you too confused about what Paytm is, how Paytm works, and what you can do with it? Then read this guide for using Paytm.

What is Paytm?

One7 Communication Ownership of PAYTM is a digital payment platform that allows you to transfer cash through online banking, debit cards and credit cards, or even through a select bank and partners to a cash integrated wallet. Using Money in Paytm Wallet You can pay for a number of items without using cash.

The transactions you can make at Paytm include recharge of mobile phones, metro cards, DTH cables, data cards, etc. You can also pay postpaid for mobile phones, landlines / broadband, electricity, water and gas bills, etc. Book tickets for flights, movies, hotel rooms and more and pay to ride an Uber cab using the platform. Please understand. As an extra, you can buy products on the company’s e-commerce platform using Moneybag, and even make offline payments to 8 million merchants, Paytm claims.

Paytm is one of India’s largest mobile payment and trading platforms. Launched in Delhi / NCR in the 21st, the online payment platform helps millions of Indians transfer money instantly, since the inception of the Paytm Wallet, along with its non-stop activities, has become a necessity for almost every smartphone.

The online payment platform helps people transfer money from their bank account to Paytm Wallet, which offers Paytm Money Transfer services in more places such as petrol pumps, department stores, restaurants, multiplexes, parking lots, hospitals and various places where merchants can pay bills. Paytm users can use it to bill (mobile, gas, electricity and others) and to book tickets (movies, trains and others) among others.

Available on the Paytm Wallet website as well as in the form of mobile applications. This gives users the option to choose the platform they are most comfortable with. This gives them the freedom to access the Paytm Wallet account and make transactions from anywhere and at any time.

What is Paytm Wallet?

The above mentioned PAYTM wallet is a digital payment instrument where you can transfer money from your bank account or credit card to making a transaction on the platform. You need to set up an account using your mobile phone number and email id to set up a Paytm account and transfer cash to Moneybags. You get Rs.10000 in a wallet; If you want to increase the monthly limit, you can complete the KYC (Know Your Customer) processor. With this you can have up to 5 bucks. 1 lakh in Paytm Wallet anytime.

Paytm Wallet is a digital account at Paytm where you can transfer money from your bank account or credit card to making a platform transaction. Once you open a Paytm account with just email id, you can transfer cash to mobile number for Rs. 10,000 in a month in the wallet. By completing KYC (Get to Know Your Customer) you can increase the monthly limit on PAYTM wallets by 1 lakh. Banks and wallet companies need to follow some customer identification methods that help in identity theft, fraud and money laundering. You submitted proof of identity and proof of address.

You can physically do this where a Paytm representative comes to your house with a blank KYC form, you attach a passport-sized photo and provide a self-attested copy of proof of identity and address or do this in a paperless way through the Aadhaar-based IKYC (Electronic-Know Your Customer) process. Paytm Agent runs a fast and easy eKYC process using a mobile-based biometric scanner. Customer consent is also ensured using Aadhaar-based e-sign.

How to use Paytm and Paytm Wallet?

  • For Paytm Wallet and cashless transactions, follow the steps below:
  • Use your mobile number and email id
  • Add Money to Paytm Wallet using NetBanking, Debit Card or Credit Card
  • To transfer money, select the ‘Pay or Send’ option
  • Make payments to other or Paytm bank accounts by scanning the QR code
  • Alternatively, you can send money to another Paytm user with their phone number

How to use Paytm for offline payments?

You can pay cash-less using Paytm Wallet without an internet connection. If a retailer accepts Paytm as a payment method, you can provide QR codes or bar codes with one-time passwords (OTPs). To do this, you’ll need to open the app, select the ‘Pay or Send’ option and select between QR codes or bar codes (provided on two separate tabs). Just scan the code and enter the OTP to allow offline payments. This feature can be especially useful right now when the entire country is facing a cash crisis and the internet connection is still not good enough to facilitate online transactions.

Also Read: Paytm Customer Care

Also Read: How To Transfer Money From Paytm to Paytm in PC

Is Paytm Wallet Safe?

Security at the forefront of a digital age is top of mind, but Paytm which is an RBI-approved wallet – says that the money you put in your wallet is secured in a 128-bit encryption technology, which means the secret key used in the transaction is 128 bit sequences and nothing short of password length or content. The platform is PCI DSS 2.0 Certified, which means it does not store credit card data in encrypted form Security is the key to any digital, but Paytm – which is called an RBI-approved wallet – means you have it in the wallet. “Secured under an account with a reputable bank “Paytm Verizon-certified 128-bit encryption technology which means the secret key used in the transaction is a 128-bit sequence and does not reveal anything about the password length or the content. The platform is PCI DSS 2.0 certified, which means it doesn’t store credit card data in encrypted form.

What are some alternatives to Paytm?

While Paytm is the dominant player in the digital payment space, others are now far behind. This category is popular with Snapdeal, MobiQuick, Ola Money and PhonePe that each has its own unique features.

How to open a new Paytm account?

You can download the Paytm app on your smartphone (Google Playstore, Apple iTunes, Windows) or visit its website paytm.com.

  1. Click sign up.
  2. Enter your mobile number, email id and desired password (you can change the password and other details) and click Continue.
  3. Paytm will send an OTP or confirmation code to your mobile number.
  4. Enter it to confirm your mobile number, and after you do so, you’ll see your Paytm Account Profile page. You can enter your name and other details to complete your profile.

How to add money to Paytm Wallet?

Go to paytm.com on the Internet and login to your Paytm account and click on the “Paytm Wallet” icon in the top right of the home page or click on the Add Money tab in the app.

  1. Enter the amount and click “Add Money”
  2. If you have a promotional / voucher field, apply a promotional code. If you do not have a promo code, leave the field blank and click “Continue Processing”.
  3. You can choose to add money through Credit / Debit Card, Net Banking, IMPS or ATM Card.
  4. You will be redirected to a secure payment page where you will be provided with payment details.
  5. Choose a payment method, you can save the method for future use.
  6. If you have a secured credit or debit card, it will be displayed on the front and all you have to do is enter the CVV number and go to the bank page. If you don’t have a secured credit or debit card, you can save a card for a quick payment next time.
  7. After completing the transaction, you will be redirected to Paytm with the money added to your Paytm wallet.

How do I transfer Paytm money to a friend’s Paytm Wallet?

You cannot send money through Paytm.com website, you will need to download Paytm App to use this feature.

  1. If the person to whom you send the money does not have a Paytm account, Paytm will send them a link via SMS where they can create a Paytm account. If they do not create a Paytm account within 3 days of sending your money, Paytm will refund the money to your Paytm Wallet.
  2. Transmitting money to another person is completely free and the sender receives the full amount sent to you.
  3. You can send up to 25,000 rupees a calendar month. The amount of money that can be sent to another Paytm customer and bank account cannot exceed Rs 25,000 in a calendar month.

Sending money through Paytm is really fast and easy

  1. Open the Paytm app.
  2. Tap the pay or send icon.
  3. Tap on the mobile number option.
  4. Enter the mobile number of the person you want to send the money to. You can choose the mobile number from the contacts stored on your device by tapping the address book icon next to the mobile number field.
  5. Enter the amount you want to send.
  6. You can specify the reason for sending the money. This field is optional.
  7. Tap to send.

If your Paytm Wallet Balance has sufficient balance, the money will be successfully sent to the mobile number you entered.

If you do not have sufficient balance, you will be redirected to the payment details page, where you can add and send money to your Paytm Wallet.

The person to whom you send the money will receive an SMS / email and push notification stating that they have received the money from you (if they have Paytm App).

How do I recharge mobile at PAYTM?

  1. To recharge, follow these steps:
  2. Enter mobile number
  3. Select your current operator (if it shows your previous operator).
  4. Enter the value of the recharge.
  5. Enter your Paytm password (or create a password for the first time).

How do I pay at Merchant Outlets (Offline) using OTP?

To make OTP payments with acceptable merchants, you must first share your phone number with the merchant. Then follow these steps:

  1. Open the Paytm app and tap Pay or send
  2. Now, tap on the show code
  3. The six-digit code will appear on your device’s screen. Share it with the merchant.
  4. Instead you can share the OTP received as SMS.
  5. The confirmation will be forwarded to you and the merchant.

How to pay at Merchant Outlets (Offline) using QR Code?

If a merchant who is not on the Internet, accepts Paytm cash offline, you can easily pay for their services using QR codes and one-time passwords (OTPs). You can pay cash-less using Paytm Wallet without internet connection.

Paytm has now introduced the QR (Quick Response) code feature in its app. Now you can pay only by auto scanning your Paytm wallet or vegetable shopkeeper by scanning their QR code. Here’s how to do it:

  1. Open the app on your mobile device and tap Pay or send
  2. Now, your phone’s Camera app will open.
  3. Scan the merchant’s QR code.
  4. Enter the amount you are about to transfer and then press Pay.
  5. If you have enough money in your wallet, the transaction will be completed successfully.
  6. If you have a low Wallet Balance, you will be redirected to the Payment page.
  7. Add money to your wallet (mentioned earlier) and complete the transaction.
  8. A confirmation SMS will be sent to you and the merchant to complete the transaction successfully.

Recent News about Paytm

Users who have not completed their KYC can still buy the gift voucher on the platform and still load money into their Paytm account. While RBI attempts to disable mandatory KYC rules, however, is far more restrictive than standard Paytm Wallet usage.

Gift vouchers provided by Paytm Payments Bank deny a claim for the application “Paytm can be used wherever it is accepted (e.g., recharges, bill payments, Uber, Zomato, shopping)”. These gift vouchers are not transferable, so users will not be able to use them to send money to others or even send it back to their own account. These gift vouchers also come with a one-year expiration date.

When users choose the ‘Add Money’ option on Paytm, they will receive a popup letting them know that the amount will be added as a gift voucher and they must agree to its terms before continuing. The Reserve Bank of India has stated that companies will not comply with its full KYC (know your customer) guidelines after expiry even if customers do not lose money from mobile wallets. However, the usability of the wallet will be severely limited.

Reloading on wallets and remittances can only be resumed after completing KYC requirements. With the wallet available on MoneyBags, users will be able to trade for purchases. Users who want to withdraw the balance amount (in wallets) can close their PPI account and transfer money to their bank account.

Conclusion

Paytm acts as a virtual wallet. Paytm app is best for individuals who find it difficult to make payments of DTH, Mobile recharge, or send money to friends, pay for purchases across various brands and services like Uber, Makemytrip, Bookmyshow etc. The Reserve Bank of India has set a basic monthly limit.

Paytm offers many attractive coupons that give you great discounts on a wide range of sites and products. On each successful recharge, the coupons are delivered to the mail ID. Customers will be the only ones who have the promo code and can get a discount by entering the code on the payment mode screen. Paytm online transactions are considered secure as millions of users make transactions on Paytm’s secure payment platform every month. In 2016, Paytm got approval to operate the RBI-declared India Bill Payments as Operating Unit. This allows Paytm customers to pay all their bills under the India Bill Payment System (BPS) anytime and anywhere, as Paytm is the only company licensed to provide a platform to provide these services. Paytm has become the first virtual wallet to receive a green signal from the Reserve Bank of India to launch its payment bank and it is expected to start next month. Paytm users can easily and conveniently send or send payments to their contacts or to merchants who use Paytm service via smartphone. Paytm aims to create a new business model in the banking industry. Focusing on bringing financial services to each individual and small business entrepreneur. After a successful transaction, it takes 24 hours for the cashback to be deposited into your Paytm Wallet. In case of shopping, the cashback will be credited to your Paytm Wallet within 24 hours of sending your item. In the case of EMI, cashback is credited when the return period is over.

How To Transfer Money From Paytm to Paytm in PC

Paytm Payments Bank Limited, the entity owned by One7 Communication founder Vijay Shekhar Sharma, received the final approval from the Reserve Bank of India on January 3, 2017. The pilot is likely to travel in parts of Uttar Pradesh with Sharma and One 97 already investing 220 crore in PAYTM. Paytm’s digital wallet will now be part of Paytm Payments Bank Limited, in compliance with the RBI directive. Using Money in Paytm Wallet You can pay for a number of items without using cash.

For security, Paytm has cancelled the option on its website.

Paytm is a shortened version of “Pay through Mobile” with the website and Android, Windows and iOS applications. Paytm Vijay Shekhar Sharma was established as a prepaid mobile recharge website in 2010 under its company One97 Communications. As of September 27, China’s Alibaba Group acquired a 20% stake, and Paytm’s parent company, One 97, became the largest shareholder in communications by investing $ 680 million.

On November 7, Paytm reported that its mobile interface will be available in five Indian languages, in addition to English, to increase adoption across the country. Paytm is available in Hindi, Tamil, Telugu, Gujarati, Marathi, Bengali, Kannada, Malayalam, Odisha and Punjabi on the Android platform. The roll-out of Apple handset users will happen soon. Paytm Wallet is a digital account at Paytm where you can transfer money from your bank account or credit card to making a platform transaction. Once you open a Paytm account with just email id, you can transfer cash to mobile number for Rs. 10,000 in a month in the wallet.

By completing KYC (Get to Know Your Customer) you can increase the monthly limit on PAYTM wallets by 1 lakh. Banks and wallet companies need to follow some customer identification methods that help in identity theft, fraud and money laundering.

Currently, the only way to transfer money is through the Paytm app on all operating systems of Android and iOS.

In the Paytm app,

  1. Tap on ‘Pay’. Open the following three options
  2. Enter a mobile number to pay
  3. Please indicate the Paytm QR code to make a payment
  4. Pay using OTP
  5. Enter a mobile number or select from Contacts
  6. Enter amount and alphabet details
  7. Go ahead
  8. Confirm Payment
  9. The beneficiary must have a Paytm account to transfer.

Also read Paytm Customer Care

What is the KYC Process on Paytm Website / App?

KYC (Know Your Customer) is the process of verifying accounts with real identity and documents. The main documents required for Paytm KYC are Aadhaar Card, PAN Card, Driving License, Passport, and Voter ID Card.

Currently, there are two types of KYC processes for Paytm account verification and the following:

1. Mini KYC

Under this process, Paytm users will need to enter the document number for verification in the Paytm application. For example, the Aadhaar number. As a word, ‘mini’ itself describes that the KYC process can get a certain limit for basic KYC verification and for transactions through user Paytm.

No user can send any kind of money to another PAYTM user on the mini KYC. Also, cannot transfer money from wallet to bank accounts. However, you can still send paytm merchants via QR code.

2. Complete KYC

Under this process, a user has to go to the nearest KYC point for complete KYC verification. The user has to show his / her identity card (Aadhaar card) and after biometric verification, the user will become a full KYC verified Paytm user. However, PAN card is required for registration of Paytm Bank account otherwise no KYC verification is required.

Being a KYC user, there is no limit to sending money from wallet to wallet. Also, he can add up to one lakh rupees to his own Paytm wallet, and together, he can add up to one lakh rupees.

How to send/transfer money from Paytm Wallet to other Wallets for both PC / Laptop and Mobile?

As we discussed earlier, there is no limit to sending money from a Paytm wallet to a full KYC Paytm account.

So, we will discuss here how we can send money from paytm website on PC and paytm application on mobile. So, you need to know how anyone on a PC and Paytm mobile application can send money from Paytm website to bank account.

For PC users:

1. Open paytm.com on your PC / Laptop web browser

2. Click the Login / Signup option in the upper right corner

3. After logging in, click the Pay Wallet option

4. There, you can see the “Transfer to bank” option, so select it

5. Fill out your bank details and click Send option

6. Done!!

For mobile users:

1. Open your paytm app

2. Make sure you are logged into paytm acc. If not, log in to your ACP.

3. Click on the ‘Passbook’ option

4. Go to the paytm wallet and click on the “send money” option

5. Now enter your bank details in each option

Filling. When finished, click the ‘Continue’ button

How to transfer money to your bank account?

  1. A maximum of Rs.500 can be transferred per transaction.
  2. 4% of the transferred amount will be charged as benefit fee.
  3. Users need a minimum balance of 2000 rupees in the wallet.
  4. The user account needs to be registered with Paytm for a minimum of 45 days.
  5. Transfer money from Paytm App to a bank account.
  6. Open the Paytm app and tap Pay or send.
  7. Click Send to Bank.
  8. Enter the requested details – IFSC code, account number, etc.
  9. Enter the amount and tap send.
  10. The money will be transferred to the bank account specified.

Information for Paytm PC user

Your identity is secure when you transfer money using Paytm. When you transfer your money using Paytm, we make sure that your mobile number is only partially revealed to the recipient. Here, take a look. The first two digits and the last four digits of your mobile number will appear on the Paytm passbook of the recipient. Your money will instantly be transferred from your Paytm Wallet to Pay Wallet. There is no application from Paytm Company that can be installed on your desktop or laptop. However, if you want to access Paytm on your PC, you can simply type recharge online. Recharge mobile for prepaid and pay postpaid [email protected] in your web browser and open the site o No, you cannot transfer money from Paytm to PhonePe. However, there is an indirect way by which we can transfer money from Paytm to PhonePe. Then add money to your phone wallet through your bank account. If you can explain the source of the money in Paytm Wallet, transferring from Paytm Wallet to your bank account is not the only transfer of money and income. Since it is not an income, it is not taxable. You can explain where the money came from in Pay Time Wallet, Paytm is one of India’s largest mobile payment and trading platforms. Launched in Delhi / NCR in the 21st, the online payment platform helps millions of Indians transfer money instantly, since the inception of the Paytm Wallet, along with its non-stop activities, has become a necessity for almost every smartphone. The online payment platform helps people transfer money from their bank account to Paytm Wallet, which offers Paytm Money Transfer services in more places such as petrol pumps, department stores, restaurants, multiplexes, parking lots, hospitals and various places where merchants can pay bills. Please. Paytm users can use it to the bill (mobile, gas, electricity and others) and book tickets (movies, trains and others) among others.

Conclusion

So, it was a complete tutorial on sending/transferring money from paytm website pc and paytm mobile applications. I hope you found some information about the Paytm and KYC process. If the person to whom you send the money does not have a Paytm account, Paytm will send them a link via SMS where they can create a Paytm account. If they do not create a Paytm account within 3 days of sending your money, Paytm will refund the money to your Paytm Wallet.

Currently, most PPI and e-wallet users have just completed the minimum KYC obligation. Users who signed up a few years ago did this by verifying their mobile number. More recent users used to sign up with their name and formal ids such as PAN or Aadhaar – and this is called Minimum or Basic KYC. The minimum KYC comes with certain limitations.

Transmitting money to another person is completely free and the sender receives the full amount sent to you.

You can send up to 25,000 rupees a calendar month. The amount that can be sent to another Paytm customer and bank account cannot be more than 25,000 in a calendar month. However, if you have any confusion about sending money from the Paytm website or app, you can comment below or tweet to the paytm official Twitter account for more information.