If you're looking for a convenient and hassle-free way to manage your finances, Paytm is an excellent option. With its user-friendly interface and extensive features, Paytm has become a go-to platform for many. One of the most crucial aspects of using Paytm is linking your bank account to the app. In this blog post, we'll guide you through the process of adding a bank account in Paytm, step-by-step, so that you can start using the platform to its full potential. So, let's get started!
Add bank account for the first time: 5 Steps
Step 1: Open paytm app - Aunch the Paytm app on your smartphone or tablet.
Ensure that you have a stable internet connection.
Make sure you have the latest version of the Paytm app installed on your device.
If you are a new Paytm user, you'll need to sign up for a Paytm account before adding a bank account.
Step 2: Select the number - Once the app is open, tap on the "Bank" icon from the home screen.
Select "Add New Bank Account."
Ensure that you have all the required documents such as your bank account details, PAN card, and Aadhaar card.
Step 3: Enter OTP - Paytm will send you an OTP to verify your mobile number.
Enter the OTP and tap on "Proceed."
Make sure you enter the OTP correctly.
Keep your mobile phone with you until the entire process is completed.
Step 4: Click on 'link Bank account' - Once you've entered the OTP, you'll see a list of banks that you can link to Paytm.
Select your bank from the list and click on "Proceed."
Make sure that your bank is listed in the available options.
If your bank is not listed, it means that Paytm does not support your bank yet.
Step 5: Click on 'done' - After selecting your bank, enter your bank account details such as your account number and IFSC code.
Click on "Done" to complete the process.
Double-check the bank account details you have entered to avoid any errors.
After completing the process, you can set your bank account as the default payment option on Paytm.
Add bank account under profile tab: 6 Steps
Step 1: Open paytm app - Launch the Paytm app on your smartphone.
Make sure you have the latest version of the app installed on your device.
Check your internet connectivity before starting the process.
Step 2: Tap on profile icon - Look for the profile icon in the bottom right corner of the app screen.
Tap on it to access your profile details.
Make sure you are logged in to your Paytm account before proceeding.
If you don't have a Paytm account, create one by providing your details.
Step 3: Click on UPI & payment settings. - Once you are on your profile screen, look for the 'UPI & Payment settings' option.
Click on it to proceed with the bank account linking process.
Ensure that your mobile number is registered with the bank account you want to link.
Keep your bank account details handy, including the account number and IFSC code.
Step 4: Click on 'link your bank account' - Under the UPI & Payment settings, look for the 'Link Your Bank Account' option.
Click on it to proceed with the process.
Double-check the bank account details you are providing to avoid errors.
Make sure there is sufficient balance in your bank account for verification purposes.
Step 5: Select the bank - You will be presented with a list of banks that are eligible for linking with Paytm.
Select the bank from the list that you want to link to your Paytm account.
Make sure you select the correct bank from the list.
If your bank is not listed, it might not be eligible for linking at the moment.
Step 6: Click on 'done' - After selecting the bank, you will be asked to provide your bank account details.
Enter the required details and click on 'Done' to complete the process.
Make sure you verify the bank account details before clicking on 'Done'.
You will receive a notification once the bank account has been successfully linked.
Add bank account under payment settings tab: 6 Steps
Step 1: Open paytm app - Open the Paytm app on your smartphone and log in to your account.
Ensure that you have a stable internet connection before proceeding with the steps.
Check if your Paytm app is updated to the latest version to avoid any glitches.
Step 2: Search for payment settings - Once you are logged in, you will see the home screen of the app. In the top right corner of the screen, you will find the ‘Profile’ icon. Click on it.
You can also swipe from the left side of the screen to access the profile section.
The profile icon is represented by a human silhouette.
Step 3: Tap on 'payment settings' - In the ‘Profile’ section, scroll down to find the ‘Payment Settings’ option. Tap on it.
You can also directly search for ‘Payment Settings’ in the search bar at the top of the screen.
Make sure that you have verified your mobile number before proceeding with the next steps.
Step 4: Click on 'link your bank account' - In the ‘Payment Settings’ section, you will find various options related to payments. Look for the ‘Add a Bank Account’ option and click on it.
Ensure that you have your bank account details handy before proceeding.
Paytm allows you to link up to three bank accounts to your wallet.
Step 5: Select your bank - After clicking on ‘Add a Bank Account,’ you will be prompted to select your bank from a list of available banks.
Ensure that you select the correct bank to avoid any issues with transactions.
If you are unable to find your bank in the list, try searching for it using the search bar provided.
Step 6: click on 'done' - Once you have selected your bank, you will need to provide your bank account details, such as your account number, IFSC code, and account holder name. Fill in the required details and click on ‘Done.’
Double-check the details provided before clicking on ‘Done.’
Wait for the verification process to complete before using your bank account for transactions.
By following these simple steps, you can easily add your bank account to your Paytm wallet and enjoy the benefits of quick and hassle-free transactions. Paytm ensures the security of your bank account details and offers a user-friendly interface for managing your finances.
Ensure that you have a stable internet connection while adding a bank account to avoid any issues.
Always verify the bank account details before proceeding to the next step to avoid any errors.
Check for updates to the Paytm app regularly to ensure that you have the latest features and security patches.
How many bank accounts can I link to my Paytm wallet?
Ans: You can link up to three bank accounts to your Paytm wallet.
Is it safe to add a bank account to Paytm?
Ans: Yes, Paytm uses secure encryption protocols to ensure the safety of your bank account details.
Can I add a joint account to Paytm?
Ans: No, you cannot add a joint account to Paytm. Only single accounts are allowed.
How long does it take for a bank account to be verified in Paytm?
Ans: It usually takes up to 48 hours for a bank account to be verified in Paytm.