How To Transfer Money From Paytm Wallet To Bank Account Without Charges?

Paytm platform is now so widely-used that lots of people now want to learn how to transfer money from Paytm wallet to bank account without charges. Read to explore methods.

How To Transfer Money From Paytm Wallet To Bank Account Without Charges?

Perhaps you’ve been wondering if there’s a better way to transfer funds on Paytm; one of India’s largest eCommerce & mobile recharge portals.

You have reached the right web page for that kind of info.

Yes, we all use our Paytm wallets to pay our bills, transfer money, recharge our phones, make flight bookings, etc. It is a handy digital payment solution that was undoubtedly created to enable seamless cashless transactions for shop vendors and individual users.

Although they started small, the Paytm platform is now so widely-used that lots of people now want to learn how to transfer money from Paytm wallet to bank account without charges.

Paytm lets you transfer funds to your bank account but the only issue is users often complain about the inconvenient charges incurred.

Also Read: Paytm Wallet Add Money Offers November 2020 : New Promo Codes

Apart from answering the question of how to transfer money from Paytm to bank without charges in this post, we will also provide you with proven tips on how to earn cashback while making these electronic transfers.

Keep reading for details: 

Earn Up To Rs 1250 after Transferring Paytm Funds to Your Bank Account

So what do you gain from learning how to transfer money from Paytm wallet to bank account without charges?!

Well, for starters, you get to earn up to Rs. 250 cashback whenever you transfer funds from your Paytm digital wallet to your primary bank account.

But to be eligible for this offer, you must send the minimum Rs. 100 transfer value.

Thus, by making up to five Rs. 100 minimum transfers within 30 days, you can receive as much as Rs. 1250 cashback.

Note that this particular promo is available for select customers only.

Plan Overview

  • Minimum Rs. 100 transaction value.
  • Receive up to Rs. 250 cashback for each money transfer.
  • Get as much as Rs. 1250 while the offer is available. 

About The Process of Transferring Paytm Funds to Your Bank Account

Although there is still some confusion among users regarding how to transfer money from Paytm to bank without charges, most are aware that the funds in their virtual wallet are never wasted since it can always be used for various digital transactions including payments at your local Kirana stores, metro recharges, bus & flight tickets and of course shopping online.

Once you have linked your Paytm wallet with your primary bank account, you get to make transactions for free by using BHIM UPI.

We will now go ahead to describe how to transfer money from Paytm wallet to bank account without charges.

But first, you must know that this virtual wallet to bank transfer is only possible using the Paytm app. This option is not available on the web browser or desktop version.

Follow these simple steps to learn how to transfer money from Paytm wallet to bank account without charges:

  • Launch the Paytm app.
  • Open the 'Passbook' menu.
  • Select the 'Paytm Wallet' icon.
  • Next, click on the 'Send Money To Bank' option.
  • Afterward, click on the 'Transfer' button.
  • You may now specify the amount you wish to transfer along with your bank account details.
  • You must now confirm the transfer.
  • That’s it! You’ve successfully learned how to transfer money from Paytm wallet to bank account without charges

What You Need To Know About Transferring Paytm Funds to Your Bank Account

Looks like you’ve finally decided to learn how to transfer money from Paytm to bank without charges. Below, we’ve highlighted a few things you need to know first about the process.

  • Paytm users are allowed to transfer between Rs. 100 to Rs. 25,000 from their digital wallets.
  • 100 is the minimum amount you can transfer from your virtual Paytm wallet into your bank account.
  • Your transfer charge will be 5% of the total amount sent from Paytm into your bank account.
  • You will have to provide your account number, holder's name, and IFSC code to make the transfer. 

This next trick is also an effective way to learn how to transfer money from Paytm wallet to bank account without charges.

It involves opening a Paytm savings account and accumulating up to 7% interest on it.

Because Paytm savings account holders are provided with a free digital debit card, they will be eligible for cashback rewards and discount offers on online transactions.

Hence, if you are a Paytm savings account holder, you get to send funds from your virtual wallet into your bank account with zero charges.

Moreover, you will be allowed to send money from your Paytm savings account directly to any other bank accounts free of charge.

UPI cashback offers of up to Rs 5,000 are also available for Paytm bank transfers.

Also Read: 10 Best Apps To Get Free Paytm Cash

Conclusion

That’s it for our DIY guide on how to transfer money from Paytm wallet to bank account without charges.

Now you can access funds quicker and increase your overall productivity.