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How to transfer money from Paytm wallet to bank account?

how to transfer paytm money to bank

Paytm is one of the most popular payment wallets in India and so many users are using this wallet for an online payment transaction. You can send and receive money from the Paytm app to other users on this app and you can also do other types of transactions. One common problem which many users are facing is that they don’t know how to transfer money from Paytm wallet to bank account without charges. Paytm is a very convenient way for all online payments. In this post, we are going to discuss a step by step method through which you can easily transfer your Paytm wallet balance to your bank account.

Paytm to bank transfer without charges

You can send your Paytm wallet money to the bank account but it is not possible to transfer balance without charges. You can transfer Paytm wallet balance to your bank account but you have to give 5% charges. For example, if you are looking to transfer Rs. 100 from your Paytm wallet to bank account then you have to give 5% charges i.e., Rs. 5 so the total amount required to transfer in this case is Rs. 105. Although, it is possible to transfer your Paytm balance to bank account. You can use the step by step guide mentioned in the below section to transfer money from Paytm wallet to your bank account.

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How to transfer money from Paytm wallet to bank account?

  1. Firstly, open Paytm app
  2. You will see an option of “Passbook” just tap on it
    paytm passbook
  3. Now, select “Paytm Wallet”
    paytm wallet
  4. Now tap on option of “Send money from wallet to bank”
    paytm send money to bank
  5. Enter amount which you want to transfer to the bank account
    paytm enter amount to send
  6. Enter receiver’s account bank account name, account number, and IFSC
    paytm enter bank holder details
  7. Finally, click on “Proceed” button

How to transfer Paytm money to bank?

You can easily transfer your Paytm wallet balance to a bank account but this is not free. If you want to transfer wallet money to the bank then you have to pay 5 % charges. For example, if you are in need to transfer Rs. 1000 then you have to pay Rs. 50 as transfer fees. Currently, transferring of Paytm money to a bank account for free is not available. Follow the above step by step process to transfer the Paytm cash balance to your bank account.

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