Transfer money from Paytm wallet to Bank account:-
Everyone in India is looking towards Paytm as the future of payments; this e-wallet is undoubtedly the best way to overcome the present cash crisis in India. In the current situation where people are facing huge shortage of physical currency due to demonetization rule, Paytm is the best alternative to pay bills and purchase something at grocery stores or on e-commerce portals. Other than payments and shopping, the most important thing is you can transfer money from Paytm wallet to bank account; you need to complete the KYC verification in order to send money quickly within seconds.
Paytm Wallet to Bank Account money transfer charges:-
Paytm wallet is the best option to go cashless and make your daily payments easier without new bank notes. As per the guidelines of Reserve Bank of India users can perform transactions up to a limit of Rs.10000 per month, but to do more than that one must submit necessary documents as a part of Know your customer verification policy. One need to know about Paytm wallet to bank account money transfer charges before sharing money from the app. Individuals who wish to send money from their paytm wallet to bank account without completing KYC formalities will be charged 1% of the total transfer amount.
How to Transfer Money from Paytm to Bank account:-
Huge queue lines at bank branch or ATM may evaporate away your valuable time, so it is advised to use Paytm digital wallet to become free from all cash payments .Easily send money to anyone quickly without much efforts. You need to follow some simple steps to shift money from Paytm wallet to any bank account. Firstly, you need to open Paytm app and hit on play or send option. Then click on send to bank account, right after this you need to give details of bank account number, name of the receiver, valid IFSC code and purpose of transfer. Carefully enter all the details and tap on Send. You will receive a confirmation message from Paytm on registered mobile number.
Paytm money transfer to bank account charges:-
Paytm gives cash back offers in such a way that you won’t stop using it at merchant sites, Paytm money transfer to bank account charges are nil if you have successfully completed the KYC verification by submitting necessary documents. This payment wallet can be used either through app or website, these rules are applicable up to December 31st 2016.The entire server of Paytm is very secure and you can be tension free because your money is in safe hands. Users need to submit any of the following documents like Aadhar card, voter card, driving license or passport, government ID card to upgrade their Paytm account.