Now transfer PayTM Cash Wallet Balance to Bank Account
:hello: TricksDuniya members
Here we will discuss how to transfer PayTM Cash
Wallet Balance to your Bank Account. It is a very
good news for all that PayTM now officially
supports transferring PayTM Cash to Bank. So, you
will be now able to load money from bank whole
heartedly, because of this reverse transfer system.
What is paytm ??
PayTM is a online portal for prepaid and postpaid
mobile recharge, DTH recharge, Data Card
Recharge, Shopping across thousands of products,
Sending Money to friends and relatives who lives in
distant areas and much more. Many popular
websites now uses paytm gateway for accepting
payments because it is safe and secure. PayTM is
now bringing new features to its website to stand
its competition with other brands. It finally
brought the method to officially transfer wallet
balance to bank account.
Remember, to transfer paytm cash to bank account
you need to have a minimum amount of Rs2000 in
your PayTM Wallet. If you do not have that
minimum threshold amount, kindly add the rest
amount from bank and make it Rs2000 and then
redeem it through the following steps.
PayTM will deduct 4% of the amount and transfer
the rest to your bank account.
Transfer PayTM Cash to Bank Account:
1. Login to PayTM Cash Wallet: https://
paytm.com/paytmcash [Note: You need a PC
and need to browse the web version of
PayTM]
2. There you will find 4 tabs just below the Add
Money to PayTM Wallet Tab, namely, Latest
Transaction, Send Money, Redeem Wallet
Cash, Transfer to Bank.
3. Click on Transfer to Bank Tab.
4. Enter Payee Name on the first text box.
5. Enter Bank Name on the second text box.
6. Enter IFSC code of Bank in the next text
box. Don’t now what is IFSC code? Check
below.
7. Enter your Bank Account No in the next text
box.
8. Enter the Amount that you want to transfer
to your bank account.
9. Enter any comment if you need to deliver
any message along with it in the final text
box.
10. Click on Send Money. It will be instantly
transferred to your bank account.
What is IFSC code?
IFSC stands for Indian Financial System code. It is
unique for every bank and used to identify the
bank branch. Generally you can find the IFSC code
of your bank on your pass book or cheque book. But
if you want, you can find it online too hastle free.
Just go to this website and select bank name,
state, district and branch, and it will show your
IFSC code.
Note: PayTM officially states that,
Cashbacks are part of marketing offers &
cannot be transferred to bank. Use it to
shop/recharge on Paytm or pay on partner
sites like Bookmyshow, Makemytrip etc.
But, you can still transfer the money to bank. For
that, simply transfer the cashback money to
another paytm account of your friend or create a
new account. There you can transfer the money to
your bank accountfollowing the similar process.
Wasn’t it easy? Thanks for reading. Do share our
article if you like. Keep visiting TricksDuniya
