Question: How Can I Send Money Through Paytm?

What is the limit of Paytm?

Paytm wallet has a basic monthly limit set by RBI.

This means you cannot keep or spend more than Rs.

10,000 in your wallet in a month.

To upgrade your limit to Rs..

How can I withdraw money from Paytm?

Follow these simple steps to transfer your money from Paytm to your bank account1Open the Paytm app & Tap on ‘Passbook’2Select ‘Paytm Wallet’3Select ‘Send Money To Bank’4Tap ‘Transfer’5Enter the amount & bank details.6Confirm the transfer.7Its done! Money transferred successfully.

What is Paytm fuel wallet?

Paytm has introduced a new offer to purchase petrol or diesel from select fuel pumps. The digital-wallet based app has promised a cashback of up to Rs 7,500. … Paytm will then send Promo codes on the registered number via SMS within 48 hours of the first transaction.

How can I send money through Paytm wallet?

To do so, follow these steps:Open the Paytm app.On the app home screen, tap on the ‘Pay or Send’ option.Tap on the “Mobile No.” option.Enter the mobile number of the person to which you want to pay or send the money. … Enter the desired amount.Tap on the ‘Send Money’ button to proceed with the payment.

How can I use Paytm for the first time?

In order to use the Paytm Wallet and transact cash-free, follow the steps below:Set up a Paytm account using your mobile number and email ID.Add some money to your Paytm Wallet using netbanking, debit card, or credit card.To transfer money to someone else, select the ‘Pay or Send’ option.More items…•

Is it safe to transfer money through Paytm?

Completely. Paytm is PCI DSS compliant in terms of security. We never store customer’s CVV number to ensure their Credit and Debit Card details are completely safe. All financial transactions on Paytm are done with 128-bit encryption SSL security.

How do you transfer money to someone?

How to make a bank transferOnline bank transfers. Log in to your online account and select the option for making a payment. … Telephone transfers. Call your bank’s telephone banking service. … In-branch bank transfers. If you have the money in cash, you can pay it into the account of the person you owe it to in-branch.

Why is Paytm charging for bank transfer?

Paytm offers you a platform to pay or transfer money through different modes of payment. … However, when you transfer money from your wallet to a bank account, we charge a fee to cover the cost of adding money to your wallet. Hence, Paytm wallet to bank transfers are chargeable at 5%.

What is the limit of Paytm bank account?

₹1 lakhAs per the RBI guidelines, you can hold only a maximum of ₹1 lakh in your Paytm Payments Bank account at end of the day. This limit is imposed on the sum of your wallet and Savings Account balances.

What is Paytm full KYC?

Full KYC basically requires you to link your PPI account with your Aadhaar. You can complete the process using your mobile number, PPI’s app, online, or by visiting a KYC centre. Here is how you can complete the full KYC process for Sodexo, Ola Money, and Paytm.

Is Paytm Safe 2020?

We assure all our users that their balances and linked accounts are 100% safe. Our services are fully functional on all existing apps and you can continue enjoying Paytm like before.

How can I transfer money through SMS?

Fund Transfer For making a funds Transfer, send following SMS to 9223440000: You will get a message that your IMPS transaction is successful.

Where can I use Paytm wallet money?

Where can I use the New Paytm Wallet? You can use the New Paytm Wallet only for merchant payments such as recharges, bill payments, online shopping or payments at your favourite stores that accept Paytm Wallet.

Is Paytm bank free?

We are proud to bring you Paytm Payments Bank — India’s first bank with zero charges on online transactions, no minimum balance requirement and free virtual debit card. The Paytm Payments Bank will bring a new banking model to the world where an account holder’s money will be absolutely safe.

How can I send money to a friend?

Here are eight ways you can send money to family and friends fast.Zelle. Fees: None. … Venmo. Fees: 3% fee when using a credit card; other payment methods are free. … PayPal. Fees: None for U.S. transfers funded by PayPal balance or a linked bank account. … Cash App. … Google Pay. … Apple Pay. … 7. Facebook Messenger. … Western Union.

How do I pay someone on Paytm?

Scan the recipient’s QR code or enter their mobile number in the ‘Pay’ option of your Paytm app. Enter the amount you want to transfer and tap on ‘Pay’. Your money will be instantly transferred from your Paytm Wallet to the recipient’s Wallet.

How can I transfer money to mobile number?

Send money to a phone numberOpen the Google Pay app .At the bottom right, tap Send.Tap Send or request.Enter your recipient’s phone number.Enter the amount you want to send.Tap Send.Confirm your payment method.Tap Confirm & send.

Is Paytm FASTag valid?

Paytm FASTag comes with unlimited validity until it depreciates due to wear and tear or is tampered with. If it is damaged or can’t be read at toll plazas, you can request for tag replacement by paying a one-time fee of Rs. 200.