Quick Answer: Does Paytm Charge For Money Transfer?

Can we transfer money from Paytm to Google pay?

Open your Paytm app and follow the steps mentioned below to transfer money from Paytm to Google Pay account.

Tap on UPI Money Transfer located on the top bar.

Type the UPI ID of the recipient Google Pay account, which can be found on Google Pay app’s home screen, just below the account user’s name..

Does Paytm charge for transactions?

Paytm service charges can be avoided by adding one using a debit card or through UPI. Paytm is not charging anything for purchase at merchant site and Paytm to Paytm wallet transfers. For transferring funds from Paytm wallet to Paytm Payments Bank or any other bank account, the company will charge you 5%.

Which wallet to bank transfer is free?

Charges for Oxigen WalletServicesChargesFull KYC WalletWallet to Wallet ( W2W)FreeWallet to Bank Account ( W2A)For customers, 2% of transaction amount. (Minimum Rs.5)Wallet to Non-WalletFree13 more rows

What are the charges for money transfer?

Money Transfer ChargesNEFTCharges0.60% Per TransactionIMPSTransaction slabMaximum recommended schedule of chargesupto Rs 50001.5% or Rs 102 more rows

Can I transfer money from Paytm to someone’s bank account?

Paytm doesn’t charge any fee on transferring money from your bank account to another bank account. However if you transfer money from your Paytm wallet to another bank account, the company will levy a charge of 3%. … You can choose and make payments using your Paytm wallet or from your registered bank account.

How much money I can transfer to bank from Paytm?

Transfer money instantly, 24×7 upto 1 lakh/day. Choose the bank with registered mobile number as your Paytm Number.

How can I withdraw money from Paytm?

Follow these simple steps to transfer your money from Paytm to your bank account1Open the Paytm app & Tap on ‘Passbook’2Select ‘Paytm Wallet’3Select ‘Send Money To Bank’4Tap ‘Transfer’5Enter the amount & bank details.6Confirm the transfer.7Its done! Money transferred successfully.

How can I send money through Paytm wallet?

Scan the recipient’s QR code or enter their mobile number in the ‘Pay’ option of your Paytm app. Enter the amount you want to transfer and tap on ‘Pay’. Your money will be instantly transferred from your Paytm Wallet to the recipient’s Wallet. Go ahead, try our convenient instant money transfer service.

Is Paytm money transfer free?

Paytm doesn’t charge any fee on transferring money from your bank account to another bank account. However, if you transfer money from your Paytm wallet to another bank account, the company will charge a fee of 5%.

Why is Paytm charging for bank transfer?

At that time, Paytm had said the fee was aimed at curbing misuse of its platform to transfer interest-free credit card funds to bank accounts of users at zero transaction cost.

What is monthly limit of Paytm?

Rs. 10,000What else should I know about Paytm Wallet? Paytm wallet has a basic monthly limit set by RBI. This means you cannot keep or spend more than Rs. 10,000 in your wallet in a month.

Is Paytm bank safe?

Mobile payments and banking are safe — especially with Paytm, as we use world-class security and encryption to keep your data as safe as possible.