Do you use Paytm on your smartphone for online recharge or shopping? If yes, you would also use its mobile wallet to store your money digitally. But, if you ever want to transfer money from your Paytm digital wallet to any bank account, it is now possible.
You will be happy to know that Paytm recently launched its Immediate Payment Service (IMPS) to transfer money from your Paytm mobile wallet to any bank account. Every Paytm user is now able to use this facility.
So, now you can not only transfer your Paytm money to another person’s Paytm wallet but also directly to any other’s bank account.
Many times it happens that you mistakenly added money to your Paytm wallet so with this service you will be able to transfer money to your bank account without any hassle.
How to Transfer Money from Paytm Wallet to Bank Account
I know would be very eager to know how to transfer money from a Paytm wallet to a bank account. So, before telling you about it let me tell you one more important thing about transferring money from your mobile wallet to any bank account. To transfer money from your Paytm wallet, you must have a minimum of Rs 2000 in your wallet.
To transfer money from your Paytm wallet to your bank account, go to Paytm, login to your account, and open your Paytm Wallet. Here you will see a tab for Transfer to Bank along with Last Transaction, Send Money, and Redeem Voucher tabs.
As soon as you click on the Transfer to Bank tab, you will understand everything. In fact, all you need to enter the bank account details such as the Account Holder’s name, Bank Name, IFSC Code, Account number, etc. After filling details, click on the Send Money button to send the money.
That’s all. By using this way, you will be able to transfer money from your Paytm wallet to any bank account. Make sure that you’ve a minimum of Rs 2000 in your Paytm wallet.
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You should also know that you only will be able to transfer a maximum of Rs 5000 at a time with this service. And users won’t be able to transfer more than Rs 25,000 per month.
