"Paytm To Bank Account"

"Paytm To Bank Account" ?

Hello friends, we all must have Paytm Wallet to Paytm Wallet Money Send and may have added Money in Paytm by using ATM Card. But many of us probably did not send Paytm To Bank Account Money
If you have not even received Paytm to Bank account Money Send yet. So you have a better place, here's the information about how to send money to your bank account with Paytm Wallet.

"Paytm To Bank Account" Money Transfer Service:

Since the launch of Paytm Payment Bank , Paytm has become complicated for a little bit of users. User wants to use paytm as a wallet only. for example…

• Send money / send in a paytm wallet from one paytm wallet.
• Shopping from Paytm, Movies ticket book etc.

We use Paytm Wallet very little to send money from Bank to Money Transfer or Paytm to Bank Account Money . Instead we use BHIM , Flipkart PhonePe or Google Tez more. While Paytm Wallet is also easy to send money to the bank. Just in Paytm, we have to go through KYC verification.
Before knowing about Paytm To Bank Account Money , we all understand what the KYC and account verification mean.
Must Read - How do I add money to ATMs?

What is KYC?

KYC Full Form is "Know Your Customer" and it is a process of verifying customers connected to a service. According to the Guideline of RBI (RBI), whatever customers use Bank or Wallet and need to transfer money to them. Then it is necessary to verify the KYC.
RBI has set KYC 3 level for all Wallet and UPI services along with "KYC For Paytm ". Which is as follows.
Level # 1: If the most Minimum requirement level is. In this we can complete the KYC process by using any government document and keep the balance of maximum of Rs 10, 000 in the Wallet for one year. But we can not even transfer money on anything.
Level # 2: This is the middle level of KYC verification, in which we can complete the KYC Process by verifying OTP from Aadhaar Card and keep a maximum of Rs 100,000 in your Wallet with one year validity. Along with this, you can send or receive money in Bank or Wallet when needed.
Level # 3: This is a complete KYC verification, this process is completed with Agent verification and we can use all the Wallet or Bank services. Whether to get money or to send money to a bank or wallet.

Image credit: Paytm Blog

In such a situation, if we want to send money to Bank Account using Paytm. So it is necessary to get KYC Verification of 2nd or 3rd level. If your account is verified, then you can send Paytm Wallet to Bank Account Money by following these steps.

Paytm To Bank Account Money Transfer: Step by Step-

Money is not available on the official website of Paytm Wallet from the bank. In this case, if you have to send money from Paytm. So your phone should have its App download.
# 1: First we have to do a Paytm account, then we have to click on the passbook option given on the Home option.

# 2: After clicking on the passbook option, the available balance is displayed in our account and 2 links appear below.

1. Send Money to bank account
2. Add money to wallet

We have to send money to the bank account. Therefore, we will click on the link "Send money to bank account"

# 3: After clicking on Send money to bank account, we will see a button for the transfer in front of us. We have to click on that button.

# 4: Now we need to enter the details of Bank Account, in which bank we want to send money. Such as Amount (How much Money Send), Account Number, IFSC Code ( IFSC Code What Is ?), Account Holder name. After that, you can send money by clicking Send Button.

To send a paytm to bank account money , we have to pay some transaction Charge Paytm. But it depends on what type of customer you are.

• If you are a normal customer. You have to pay 2% Charge to send money to the bank account.
• If you are a Marchent, then this service is completely free for you. You do not need to pay any charges for this.
• 2nd level KYC verified customers Monthly can send 20,000 rupees and full verified customers can 25,000.
• We can send at least 100 rupees to the Bank from Paytm. Amount we can not send in the bank account less than this.
• In a transaction we can send 5000 rupees.
• New paytm customers will have to wait at least 3 days to use the Money Transfer feature. Only Paytm Wallet can bank Account money can send .
• If we do In person KYC Verification, then we can use Aadhaar Card or any Government Identity Proof for this.

Friends, I use PhonePe Wallet to send money to bank account. Paytm to bank account money is fine, but according to me, it is not much better. But many users use Paytm and they are well familier with all the features of paytm. Therefore, for such users Paytm can be a better option to send money to a bank account, if you have any suggestions. So tell him about it in the comment.