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How to Transfer Paytm Wallet Balance to Bank Account

Written by:
Vjay
Published on:
February 18, 2015
Thoughts:
4 Comments

Mostly all the popular Mobile Wallet services like Airtel Money, Oxigen Wallet were having this feature to withdraw the wallet balance to bank account but Paytm Wallet Service was only one mobile wallet service in which balance withdrawal to bank facility was not available. So to compete in the market among all Wallet Service Paytm recently have introduced the most awaited feature to Transfer Paytm Wallet Balance to Bank Account, previously this feature to withdraw Paytm Wallet Balance to Bank Account was not present.

How to Transfer Paytm Wallet Balance to Bank Account

So most of Paytm users used to search alternate methods to transfer their Paytm Wallet Balance to Bank Account, and with many unofficial ways the Paytm user used to withdraw Paytm Balance to their Bank Account but it was to be expensive to the users as the third party services was to charge huge amount of fees to withdraw the wallet balance to bank account. But later on the third party services which used to help Paytm users to withdraw Paytm Wallet Balance to bank had also discontinued the service to transfer Paytm Wallet Balance to Bank.

So now this will be a good news for all Paytm users as now they will be able to directly withdraw their Paytm Wallet Balance into their Bank Account by using this feature. If you want to know the step by step process on How to Transfer Paytm Wallet Balance to Bank Account than follow the below steps briefly.

Table of Contents

  • Transfer Paytm Wallet Balance to Bank Account
    • Also learn: How to Transfer Funds from PayPal to Bank Account

Transfer Paytm Wallet Balance to Bank Account

  • Just login to your Paytm Account and navigate to Paytm Wallet.
  • Once you are on Paytm Wallet page, you will see a new tab Transfer to Bank.

Paytm Transfer to Bank

  • Just click on Transfer to Bank and fill in all the fields like Bank Account Holder Name, Branch IFSC Code, Select Bank from the list, Bank Account Number, and the amount which you want to transfer from your Paytm Wallet to bank account.
  • Once you have entered all these details correctly just click on Send Money, and the amount will get credited into your Bank Account.

Note: To be able to transfer money from Paytm Wallet to Bank Account you need to have at least a balance of Rs.2000/- in your wallet. 2% of the entire transfer amount will be deducted and rest amount will be transferred to the bank. To be able to send money you need to be registered for at least 30 days.

Also learn: How to Transfer Funds from PayPal to Bank Account

Categories: Internet

About Vjay

Vjay is the admin of the blog RevealThat.com who loves to share various topics regarding Tech and other Internet Related Stuff. If you like to connect with visit our Contact us Page

Comments

  1. Umang Desai says

    October 24, 2015 at 8:11 am

    Hieee.. i have paytm account. Nd i want to transfer my paytm money to paypal account. . So it is possible? ??

    Reply
    • Vjay says

      October 24, 2015 at 8:50 am

      Hi Umang Desai,

      It’s impossible to transfer Paytm balance to PayPal Account, but you can transfer Paytm funds to bank account.

      Reply
  2. Deepa says

    October 30, 2017 at 5:08 pm

    In my laptop, paytm account,no option for transfer money ,there are only add money , passbook, redeem voucher what can i do sir?

    Reply
    • Vjay says

      October 30, 2017 at 5:35 pm

      Hello Deepa,

      Transfer money option is discontinued on Paytm Site, but you can always transfer it using Paytm App.

      Reply

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