Steps to transfer Paytm cash to Bank Account [Screen Shots Added]

Are you searching for How to send paytm cash or money to bank account then here I'm sharing the process how to do it. You can now easily transfer or send paytm wallet cash to your bank account. Once you initiate the cash sending process from your paytm account the money will be instantly deposited to your bank account. This feature was introduced by paytm a long back ago but later they withdrawn and then introduced again. Now it's working fine and now you can transfer the money in paytm account with ease. Earlier there was transaction fee for sending money to bank account and now they waived it off. ie. 

You can transact money to bank account from your paytm wallet for free. There is some conditions and restrictions for sending money to bank as I also discussed here. One of the good thing about this feature is you can transfer money at any time from your wallet to account and you don't have to wait for any specific time to do it. 

Must Read:-Products giving free paytm cash

Well the cash in your wallet can be used for all types of recharge like prepaid or postpaid,  DTH, data card, pay electricity, land line or water bills, booking bus tickets, movie tickets on book my show, PVR cinemas etc... or booking tickets in paytm itself, shopping on online sites like eBay, send money to friends, pay your school fees and so on. They are adding new options on every updates. Okay, let's dive in to the topic we are

Before Transferring Cash to Bank Account

As I said earlier there is some limitations as well as some conditions that you have to follow for transferring cash to the bank account. Let's know what are they

Till 31st December 2016 there is no fees for transferring money from the paytm wallet to your bank account

• You can transfer Min of Rs.100 to a Max of Rs.5000 in a single transaction
• Whether your account is Basic or Prime, Max of Rs.25000 can be transfer in a month

Basic Account:- Users those have a transaction limit Rs.10,000 per month and doesn't upgraded their account 

Prime Account:- Users those who upgraded their account by submitting KYC (Know-your-customer) documents and have a monthly transaction limit of 1 lakh

• Money that you have added in your wallet can only be taken back to the bank/card that was used to add money 
• Refunds where you paid from a bank/card, can be taken back to the bank/card 
• Payments/Money received from other paytm customers can be send to bank

Above are the important things that you have to keep in mind before making a transfer.

Must Read:- Android Apps giving free paytm cash

Steps to Send Paytm cash to the Bank account using app

As usual you must have the paytm registered mobile number with you before making the transfer and make sure to update or install latest version of app from the playstore to avoid transaction error.

Step 1

• First of all, sign-in to the app. For that click on Profile icon from the app home 

Step 2

• Then tap on Login to Paytm option 

Step 3

• Enter your mobile number, password and click on Secure Login and verify your login by entering the OTP that received to your mobile number

If you put the same SIM then the app will auto-verify it otherwise enter it manually

Step 4

• Now click on the Passbook option from the app home page. 

May after clicking this option a pop-up from below asking whether we want to set password or pin or pattern to passbook or pay. Then tap on Add Security Features button if you want to set otherwise close it and continue to the below steps

Step 5

• After that click on Send Money to Bank option

Step 6

• Click on Transfer option from the app

Step 7

• Coming page you have to enter your account details as follows

But make extreme care to enter each details, once the transfer is initiated you may not get a refund if you mistypes any details

1. Enter the amount that you want to transfer
2. Type the Account Holder's Name like in your Bank Pass book
3. Input your Account Number where you want to receive the cash
4. Enter the IFSC code of your bank

If you don't know the IFSC code then you can find it in your bank pass book or you can click on Find IFSC code option (see above screenshot) and select the details of your bank like Bank name, state, city, branch & press continue button (see below screenshot) and paytm will find it for you

After this you can see that your IFSC code has been verified means its valid

     5.Tap on Send button to transfer your paytm wallet cash to the bank       account

Steps 8

• Done!... Your cash will be transfer instantly to your bank account.

Hope you enjoy this post and don't forget to share it with your friends. Also feel free to ask any doubts.