How To Change Default Bank Account In Paytm Money
Change Default Bank Account In Paytm Money: Paytm Money is a popular investment platform that allows users to invest in various financial instruments such as mutual funds, stocks, and gold. When you make an investment on Paytm Money, the app automatically deducts the amount from your default bank account. But what if you want to use a different bank account for your transactions? In this blog post, we will guide you through the process of changing your default bank account on Paytm Money. It's a quick and simple process that can be done in just a few clicks. So, let's get started!
Change default bank in paytm under profile tab: 4 Steps
Step 1: Open paytm app - The first step to change your default bank account in Paytm Money is to open the Paytm app on your mobile device.
- Ensure that you have the latest version of the Paytm app installed on your device.
- Make sure you have an active internet connection before proceeding with the next steps.
Step 2: Tap on profile icon - After opening the app, tap on the ‘Profile Icon’ located on the top right corner of the app.
- Make sure you are logged in to your Paytm account before proceeding.
- If you are not able to see the profile icon, swipe left to access the menu.
Step 3: Select 'UPI & payment settings' - Once you have tapped on the Profile icon, you will see various options. Select ‘UPI & Payment Settings.’
- If you are not able to see the ‘UPI & Payment Settings’ option, scroll down to see more options.
- Make sure you have linked your bank account with Paytm before proceeding.
Step 4: Select the bank - In the UPI & Payment Settings section, select the bank account you want to set as your default bank account.
- Make sure you have multiple bank accounts linked to Paytm before trying to change the default bank account.
- If you want to remove a bank account, select the bank account and click on ‘Remove.’
Change default bank under payment settings tab: 4 Steps
Step 1: Open paytm app- Open the Paytm App on your smartphone
- Log in to your account using your registered mobile number and password.
Step 2: Search for 'payment settings' - Once you are logged in, look for the ‘Profile’ icon on the bottom right corner of the screen
- Tap on it to access your account settings
- From there, navigate to the ‘Settings’ option and click on it.
- Next, click on the ‘Payment Settings’ option.
Step 3: Click on payment settings - In the Payment Settings menu, click on the ‘Bank Accounts’ option
- Here you will find a list of all the bank accounts that you have linked to your Paytm account
- You will also see the current default bank account.
Step 4: Select the bank - Tap on the bank account that you want to set as your default account
- Scroll down and click on the ‘Set as Default’ option.
Changing the default bank account in Paytm Money is a simple process that can be done in just a few steps. By following the steps mentioned above, you can easily set your preferred bank account as your default account.
Tips
- Make sure that the bank account you want to set as default is linked to your Paytm account
- Always double-check the bank account details before setting it as default
- If you are facing any issues while changing the default bank account, contact Paytm customer support for assistance.
FAQ
Can I change the default bank account on the Paytm website?
No, you cannot change the default bank account on the Paytm website. You need to use the Paytm app to change the default bank account.
How many bank accounts can I link to my Paytm account?
You can link up to three bank accounts to your Paytm account.
Is there any charge for linking bank accounts to Paytm?
No, there is no charge for linking bank accounts to Paytm. However, you may be charged by your bank for transactions made through Paytm.
Can I unlink a bank account from my Paytm account?
Yes, you can unlink a bank account from your Paytm account. To do so, go to the ‘Bank Accounts’ section under ‘Payment Settings’ and click on ‘Remove Bank Account.’
How long does it take for a new bank account to be linked to Paytm?
It usually takes a few minutes for a new bank account to be linked to Paytm. However, it may take longer in some cases, depending on the bank's processing time.
Yes, you can set different bank accounts for different Paytm services. For example, you can set one bank account as default for Paytm Money and another for Paytm Wallet.
What should I do if I face any issues while changing the default bank account in Paytm?
If you face any issues while changing the default bank account in Paytm, you can contact Paytm customer support for assistance. They will help you resolve any issues and answer your queries.