How To Send Money From Paytm
Send Money From Paytm is one of the most popular and convenient ways to transfer money online in India. With the rise of digital transactions, Paytm has become a household name, allowing users to send and receive money instantly from the comfort of their homes. In this blog post, we will explore the benefits of using Paytm for money transfers, the steps involved in sending money from Paytm, and how to ensure the security of your transactions. Whether you're a frequent user or new to the platform, this post will provide valuable insights into using Paytm to transfer money seamlessly.
Send money using scan & pay: 4 Steps
Step 1: Open Paytm app - Make sure you have a Paytm account, and the latest version of the Paytm app installed on your smartphone.
- If you don't have an account, create one by providing the necessary details, including your phone number and email address.
Step 2: Tap on scan and pay - Open the Paytm app and click on the "scan and pay" option on the home screen.
- Ensure that your device has permission to access the camera.
Step 3: Scan QR code - Point your phone's camera at the QR code to scan it.
- Double-check the details displayed on the screen to confirm that they match those of the recipient.
Step 4: Enter amount and tap on pay - Enter the amount you want to transfer to the recipient.
- Review the details of the transaction, including the amount, recipient, and any applicable fees.
- Finally, click on the "pay" button to complete the transaction.
Send money to mobile & contacts: 5 Steps
Step 1: Open Paytm app - The first step to sending money through Paytm is to open the app. Make sure you have a strong internet connection to avoid any interruptions during the transaction process.
- Ensure that your Paytm app is updated to the latest version for a smooth transaction process.
- If you haven't registered on Paytm yet, you will need to create an account before proceeding with the transaction.
Step 2: Tap on 'to mobile or contacts' - Once you have opened the app, tap on the ‘to mobile or contacts’ option that is displayed on the home screen. This option allows you to select the recipient of the money you want to send.
- Double-check the contact information to avoid sending money to the wrong person.
- You can also use the QR code option to scan and send money to the recipient.
Step 3: Select the contact - After tapping on the ‘to mobile or contacts’ option, select the contact from your phone book to whom you want to send money. You can also use the mobile number to search for the contact if they are not saved in your phone book.
- Verify the recipient’s details before proceeding with the transaction.
- You can also save frequently used contacts for easy access in the future.
Step 4: Enter amount - Once you have selected the recipient, the next step is to enter the amount you wish to send. You can also add a description to the transaction, such as ‘birthday gift’ or ‘rent payment’.
- Ensure that you have sufficient balance in your Paytm wallet to complete the transaction.
- Double-check the amount you entered before proceeding with the transaction.
Step 5: Tap on pay - After entering the amount, tap on the ‘Pay’ button to complete the transaction. You will be asked to enter your UPI PIN to confirm the transaction. Once the transaction is successful, you will receive a confirmation message.
- Keep a record of the transaction for future reference.
- In case of any issues, contact Paytm customer support for assistance.
Send money to UPI apps: 5 Steps
Step 1: Open Paytm app - Make sure you have a Paytm account and have logged in to the app.
- Ensure that you have sufficient funds in your Paytm wallet to make the payment.
- Check that you have a good internet connection to avoid any transaction errors.
Step 2: Tap on 'to UPI apps' - On the Paytm homepage, select the ‘UPI Money Transfer’ option.
- Then, click on ‘to UPI apps’ and choose the UPI app of the receiver.
- It is recommended to double-check the receiver's UPI ID before proceeding with the transaction.
Step 3: Select 'enter UPI id of any UPI app' - Click on ‘Enter UPI ID of any UPI app’ on the next screen.
- Enter the receiver's UPI ID carefully.
- Confirm the UPI ID once again before proceeding.
Step 4: Enter UPI id - Enter the amount you want to transfer.
- Verify the amount before proceeding.
- Add a comment if required to help the receiver identify the transaction.
Step 5: Enter amount and tap on pay - Tap on the ‘Pay’ button to complete the transaction.
- Wait for the transaction confirmation message from Paytm and the UPI app used by the receiver.
- Keep the transaction ID safe in case you need to reference it later.
Send money To bank directly: 7 Steps
Step 1: Open Paytm app - Make sure that you have the latest version of the Paytm app installed on your smartphone.
- Open the app and log in to your account.
Step 2: Tap on 'to Bank or self A/c' - On the Paytm home screen, you will see various options. Look for the option that says ‘to Bank or self A/c‘ and tap on it.
- This option allows you to transfer money to any bank account or to your own bank account.
Step 3: Tap on 'enter Bank A/c details' - After tapping on ‘to Bank or self A/c‘, you will be taken to a new screen.
- Here, tap on ‘enter Bank A/c details’ to proceed further.
Step 4: Select the bank - On the next screen, you will be prompted to select the bank to which you want to transfer the money.
- Use the search bar to find the bank and select it.
Step 5: Enter bank details and tap on proceed - Once you have selected the bank, you will be asked to enter the bank account details of the person or account to which you want to transfer the money.
- Make sure to double-check the details before tapping on ‘proceed’ to avoid any errors.
Step 6: Tap on 'proceed to pay' - After verifying the details, you will be taken to a new screen where you will be asked to confirm the transfer.
- Tap on ‘proceed to pay’ to initiate the transaction.
Step 7: Enter amount and tap on pay - On the next screen, enter the amount that you want to transfer and tap on ‘pay’ to complete the transaction.
- Make sure that you have sufficient balance in your Paytm wallet to complete the transaction.
Send money to self account: 5 Steps
Step 1: Open Paytm app - Ensure that you have the latest version of Paytm app installed on your mobile device.
- Open the Paytm app on your smartphone.
Step 2: Tap on 'to Bank or self A/c' - On the homepage of the Paytm app, you will see various options such as Recharge, Electricity, Water Bill, etc.
- Look for the option ‘to Bank or self A/c’ and click on it.
Step 3: Select 'To Self A/c' - In the next screen, you will be presented with two options, ‘To Bank Account’ and ‘To Self A/c.’
- Since you want to transfer money to your own account, select ‘To Self A/c.’
Step 4: Select the account & tap proceed - You will be directed to a new screen where you need to select the bank account you want to transfer money to.
- Once you select the account, click on the ‘Proceed’ button.
Step 5: Enter amount & tap on pay - In the next screen, enter the amount that you wish to transfer.
- Double-check the details to ensure that the account number and amount entered are correct.
- Click on the ‘Pay’ button to complete the transaction.
Sending money through Paytm is a quick and hassle-free process. With just a few clicks on the app, you can transfer money to your own bank account in no time. Follow the above steps and tips to ensure a smooth transaction.
Tips
- Before initiating the transaction, ensure that you have sufficient balance in your Paytm wallet.
- Always double-check the details such as account number, account holder name, and amount before clicking on the ‘Pay’ button.
- If you face any issues during the transaction, contact the Paytm customer care team for assistance.
FAQ
- How long does it take for the money to get transferred to my bank account?
- The money transfer is usually instant, but it can take up to 24 hours in some cases.
- Is there a limit on the amount that I can transfer through Paytm?
- Yes, you can transfer up to Rs. 1 lakh per day using Paytm.
- Do I need to have a bank account linked with Paytm to transfer money to myself?
- Yes, you need to link your bank account with Paytm to transfer money to your account.
- Is it safe to transfer money through Paytm?
- Yes, Paytm uses the highest level of encryption to ensure the safety and security of your transactions.
- Can I transfer money from Paytm to another person’s bank account?
- Yes, you can transfer money from Paytm to another person’s bank account by selecting the ‘To Bank Account’ option.
- Are there any charges for transferring money through Paytm?
- No, there are no charges for transferring money through Paytm.
- What happens if I enter the wrong account number while transferring money through Paytm?
- The money will be transferred to the wrong account, and it can be challenging to recover it. Always double-check the details before clicking on the ‘Pay’ button.