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 wanted 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 other person’s Paytm wallet but also directly in 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 Paytm wallet to 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 the minimum of Rs 2000 in your wallet.
To transfer money from Paytm wallet to 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 will click on Transfer to Bank tab, you will understand everything. In fact, all you need to enter the bank account details such as Account Holder’s name, Bank Name, IFSC Code, Account number etc. And after filling details, click on 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 minimum of Rs 2000 in your Paytm wallet.
You should also know that you only will be transfer the 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.