Transfer Paytm Wallet Money to Bank Account

Paytm wallet cash to bank transfer lives again. Also i added the procedure to how you can delete or block your paytm account. They recently introduced wallet cash transfer to bank feature in which the users can send their money in wallet to the respective bank in which they hold their account. But some conditions are there to transact money from wallet to your bank account. Hope you know that the minimum amount that can be transfer only Rs.2000 and maximum of Rs.5000 (its also a daily limit too) during a single transaction. A total limit of Rs.25000 in a month. Your wallet cash can used to shop with them or recharge your mobile numbers, DTH, Data Card etc... Let's go and check how you can transfer money... 

Paytm restored bank transfer feature. Now you can transfer your money from your wallet to the respective bank account by following some simple steps. Apart from earlier this time you have to set up your paytm account or send an activation message to paytm to activate the bank transferring service in your paytm account.

Steps to send your Activation Message

Don't forget, the message must be send from your mobile number that you registered with paytm. Follow the steps below.

Note:- This post was outdated pls check my new post about this topic from here

• Just type TMB and send it to 53030.

SMS will be charged Rs.3

• You will get a confirmation meassage to your inbox.
• Then service will be activate in your paytm account within 48 hours.

After that follow the below steps as usual to transfer your wallet cash to the respective bank account.

Steps to transfer your Paytm wallet cash to bank account

• Go to Paytm site from your PC. 
• Sign in to your Paytm account. 
• Select View Profile by tapping on your name on the right top side. 
• Under My Account choose Paytm Wallet.
• Click Transfer to Bank on just right side of the menu.
• Enter Details like your Name and name of your Bank, IFSC Code, Account Number etc... (If you can't enter the details then just close the notification that showing the minimum limits above it and continue).
• Then tap Send Money. Done!......
• Your money will be send to your respective bank account.

Conditions

• Your Paytm account must be older than 60 days and mobile number, Email ID must be verified with Paytm to transfer your amount. 
• Paytm will be charge 4% of the total amount that you send as transfer fee for transferring your wallet cash to bank account. (Not applicable for wallet to wallet transfer). 
• It may take up to 3 to 21 working days to reflect your transferred amount in your bank account. 
• Min Rs.2000 is needed in your wallet to transfer your cash to bank account.
• For a Basic account you can transfer only Rs.5000/- in a single transaction and total of Rs.25000/- in a month.
• If your account is *prime you can transfer Rs.100,000/- (One Lakh) in a single transaction and that is the maximum transfer amount in a month.

*Prime Account : Account that upgraded from Basic account by submitting your KYC (Know-Your-Customer) documents with the paytm. With Prime account you can remove certain transactions limit of your basic account like daily transaction, transfer limits etc...

                        Also Read : Steps to Upgrade Paytm wallet

Steps to delete/Block Paytm Account

If you would like to delete your Paytm account in case you lost your device or SIM or any other reasons then you can request them for the same. Why I said request them to delete your account because there is no options are currently available in which you can manually delete your account. One thing, you can't delete your account but you can only block your account. 

For that just write an email to care@paytm.com which includes your Email ID, mobile number that registered with them and the reason why you want to block your account. Your account will be blocked within few days. Also there may be a chance of auto blocking of your account if they detected multiple account operated under a single IP address.

If you want to unblock the account in future just send a mail to the above Email ID requesting for the same. 

Also uninstalling the paytm app will not vanish (loss) your earned money. ie, it always remain in your account. You can retrieve it in any time and continue to use it again by login to your account via PC to their site or installing again the app from playstore.

References

• Paytm T&C and FAQ