How to Transfer Money from Paytm Wallet to Bank Account without KYC | Without Charges | 2022

How to Transfer Money from Paytm Wallet to Bank Account without KYC | Without Charges | 2022

Paytm is a very useful app not only for businesses but also for the general public. Paytm offers its users a variety of features such as Paytm net banking and Paytm loan. One another feature of Paytm is that Paytm has an online wallet system that helps users to keep their money safe in Paytm Wallet and at the same time they can also make transactions through Paytm Wallet. Paytm Payments Bank is different from Paytm Wallet. Therefore the money Paytm users store in Paytm Bank and Paytm Wallet is also stored at two different places. Sometimes a Paytm user wants to Transfer Money from Paytm Wallet to Bank Account, however, they are unable to do this because of a lack of proper knowledge. Therefore today in this post titled How to transfer money from Paytm Wallet to Bank Account we will explain the step-by-step process to Transfer funds from Paytm Wallet to Paytm Bank Account without any Charges. Also, we will tell about How to Transfer Money from Paytm Wallet to Bank Account without KYC. So this is a very interesting and useful post therefore I will recommend you to keep on reading this post completely.
paytm wallet to bank transfer
paytm wallet to bank transfer

What is Paytm Wallet?

Paytm Wallet is a Digital Wallet that aids you to add money to Paytm Wallet and use it for any consumer purchases online as well as offline. Paytm Digital Wallet is an RBI Approved wallet therefore it is a secure wallet and there is no risk of any kind of scam with you. Money in Paytm Wallet can be added in different ways. Paytm users can add money in Paytm Wallet by Internet Banking, UPI, and Debit/Credit Cards. Paytm Wallet today is used by the majority of the Indian population because it’s easy to understand UI and fast payments. Paytm wallet is a separate money store and usage system from your Bank Accounts, therefore is no need to share Bank Details with any stranger, ultimately making Paytm Wallet the safest option for transactions in the online world. You can add around INR 10,000 after completing the minimum Paytm KYC and after Full Paytm KYC you can easily add around INR 1 lakh per month to your Paytm Wallet. Paytm Wallet can be used to Pay Electricity Bills, Broadband/Landline Bills, School and Apartment Fees, DTH and Mobile Recharge, Book Train Tickets, Movie Tickets, and so on.

Paytm Wallet to Bank Transfer Charges

Paytm offers a platform to pay or transfer money to your friends and merchants which is fast and reliable. Paytm does not charge any fees when a Paytm user transfers or sends money from his bank account to another bank account. However, when someone needs to transfer money from Paytm Wallet to Bank Account he is charged about 5% fees. This is because whenever someone adds money to Paytm Wallet, he can do it free of cost, however, Paytm needs to pay some charge from their side that is called convenience fees to the bank. Therefore to balance, the charge Paytm Changes 5% of the Fees to Transfer Money from Paytm Wallet to Bank Account. However, if you want to transfer money without any charges Paytm recommends using the bank to bank transfer as there is no charge for such transaction.

How to Transfer Money from Paytm Wallet to Bank Account?

Transferring Money from Paytm Wallet to a bank account is not a difficult task and can to achieved in a few minutes.
To transfer money from Paytm Wallet to Bank Account follow the step-by-step procedure mentioned below.

  1. Open Paytm App on your Mobile Phone. 
  2. On the home page, you will notice Passbook, click on it. 
  3. Now select Paytm Wallet
  4. Tap on Send Money to Bank.
  5. Click Transfer
  6. Enter the bank details to which you want to send money along with the amount you want to send to that bank. 
  7. Confirm Transfer now.
  8. Done! Your money is now transferred to the bank account.  

How to Transfer Money from Paytm Wallet to Paytm Payments Bank Account?

Paytm also allows you to transfer money from your Paytm wallet to your Paytm payments bank account. 
There are two methods to Transfer Money from Paytm Wallet to Paytm Payments Bank Account. 
Let’s understand both methods.

1st Method: Transfer Money from Paytm Wallet to Paytm Payments Bank Account

  1. Open Paytm App on your Mobile Phone. 
  2. On the home page, you will notice Pay, click on it. 
  3. Tap on Send Money to Bank.
  4. Click Transfer
  5. Enter your Paytm Payments bank details to which you want to send money along with the amount you want to send to that bank. 
  6. Confirm Transfer now.
  7. Done! Your money is now added to your Paytm payments bank account.  

2nd Method: Transfer Money from Paytm Wallet to Paytm Payments Bank Account

  1. Open Paytm App on your Mobile Phone. 
  2. On the home page, you will notice Passbook, click on it. 
  3. Now select Paytm Wallet
  4. Click on Send Money to Bank.
  5. Enter the amount you want to send to your Paytm Payments Bank Account. It must be between INR 15 to INR 25,000.
  6. Now click on send.
  7. Done! Your money is now added to your Paytm payments bank account.

How to Transfer Money from Paytm Wallet to Bank Transfer without KYC?

  1. Open Paytm App on your Mobile Phone. 
  2. Now through the search bar search Gold.
  3. On the next page click on Buy Gold.
  4. Now on the next page enter the amount you want to transfer to your bank account without KYC.
  5. Click on proceed to pay and pay the amount with your Paytm Wallet.
  6. Once you have purchased Paytm Gold, now click on Locker Tab, and there click on Sell Gold.
  7. Enter the amount and choose or add the bank account you want to send money from Paytm without KYC.
  8. Now sell Paytm Gold and the amount will be added to your Bank Account.
  9. Done! Your money is now added to your Paytm payments bank account.

Conclusion

Paytm has various features, one such feature is to Transfer Money from Paytm Wallet to Bank Account. In this post, we explained How to Transfer Money from Paytm Wallet to Bank Account without any charges and KYC. Also, we explained the process to transfer money from Paytm Wallet to Paytm Payments Bank Account. Hoping that this information has helped you. 

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