Paytm is one of the biggest names that you can hear in the digital payments sector of India. And most of us are familiar with the wallet offered by this company. But do you know how you can transfer Paytm wallet money to bank account?
That is what we will be learning in this guide. You with just a tap on your button you can do it. And the money will be transferred to the bank account of your choice in no time. (account based in India)
What are the Requirements?
There are two requirements that you need to fulfill and they are,
- You should have enough balance in your wallet.
- And you should have completed your wallet KYC.
Here the wallet KYC is very important. If you have not completed the KYC process then you will not be allowed to transfer money from your wallet.
What is the Maximum Limit of the Money Transfer from Wallet?
As per the RBI guidelines you can transfer up to Rs. 2,00,000 in a calendar month and not more than that. And when it comes to a single transaction you can transfer near to Rs. 25,000.
What is the Process to Transfer Paytm Wallet Money?
- Download and install the Paytm app on your smartphone.
- Open the app and login into your Paytm account.
- Now tap on the “Wallet” icon to open it.
- Scroll down and tap on “Send Money to Bank”.
- Enter the amount of money you want to send and tap on the “Proceed” button.
- Enter the bank account details and continue.
- Verify the details and tap on the “Confirm” button to transfer the money.
Conclusion
If you already have the beneficiary account saved then you can choose it. In either case, you will be asked to enter the name, account number, and the IFSC of the account.