Paytm account: step by step guide on how to transfer money from Paytm wallet to bank account, how to add bank account to Paytm account

In India, Paytm was the first to introduce digital payments, allowing users to instantly transfer money to anyone without any charges using Paytm wallet and UPI. Paytm also allows users to make payments with their cards, bank accounts, and other digital payment options.

Also Read: Paytm account: step by step guide on how to delete or close your Paytm account, unlink bank account and delete Paytm history

As a result, today, a large majority of people in India are using Paytm. To  seamlessly transact using Paytm, you need to frequently add money to your Paytm wallet or to transfer the money back to your bank account. Here’s our step-by-step guide on how to transfer money from Paytm wallet to bank account.

how to transfer money from paytm wallet to bank account

How to transfer money from Paytm wallet to bank account?

It is pretty easy to transfer money from Paytm wallet to bank account. Follow the below steps to transfer your Paytm wallet money to your bank account.

  1. Launch the Paytm app and tap on “Passbook”
  2. Choose “Paytm Wallet”
  3. Choose the option “Send Money to Bank”
  4. After that, tap on the “Transfer” button
  5. Now enter the amount you want to transfer along with bank details
  6. Confirm the transfer
  7. And it’s done! you have successfully transferred your money from your Paytm wallet to your bank account

How to transfer money from bank account to Paytm wallet?

In order to transfer money from bank account to your Paytm wallet follow the steps mentioned below:

  1. First of all open the Paytm app and on your homescreen, tap on the ‘Add Money’ button
  2. Now select Net Banking or UPI to add money
  3. Enter the desired amount and then press ‘Add Money’
  4. Now you will be redirect to a new page where you will have to enter your UPI or net banking information
  5. You’ll be redirected to Paytm with money in your Paytm wallet once you’ve completed the transaction on your bank’s page

How to add bank account in Paytm?

If you don’t have your bank account linked with Paytm and are struggling to add one, then don’t worry, we have you covered. Here’s the step-by-step guide to add bank account in Paytm:

  1. After signing into Paytm, go to your ‘Profile’ section to add a new bank account
  2. Click ‘Payment Settings’ then ‘UPI & Linked Bank Accounts’
  3. Next, you’ll see all your Paytm bank accounts. You can ‘Add New Bank Account’ by scrolling down
  4. This will take you to a website with multiple bank names where you can link your bank to Paytm
  5. The Paytm app will connect your new bank account with your Paytm account based on your mobile number
  6. And it’s done! You have successfully linked your new bank account with Paytm

Why you should link your bank account with Paytm?

Paytm payments are more accessible and faster when linked to a bank account. You won’t have to provide your or the recipient’s bank account information. A single touch is all that is needed to make a cashless payment after you have added the bank account.

How to add a Credit/Debit card to your Paytm account?

To link your credit/debit card with your Paytm account, you will need to follow the steps that are mentioned below:

  1. Open the Paytm app and tap on your profile photo in the top left corner
  2. The left sidebar opens with options. Tap on ‘Payment Settings’ to add a credit/debit card to your Paytm account
  3. Now tap on the ‘Saved Cards’ option
  4. Then, you’ll see your added cards (if there are any previously added cards). Click ‘Add New Card’ under the card details
  5. Paytm will deduct Rs. 1 from your new card. This verifies your card. Your credit/debit card will be refunded Rs.1 within 48 hours
  6. After that, tap on ‘Proceed’
  7. Next, enter your card information
  8. Proceed by confirming the Rs. 2 charges on your new credit or debit card
  9. After the payment has been processed and your information has been validated, your new card will be successfully linked to your Paytm account