If you want to transfer money from Paytm wallet back to a bank account, then you have to pay some charges for it, but today we are telling you how you can transfer money to a bank account for free.
Google on Friday removed the Paytm app from the Google Play store. In such a situation, people have started worrying about their money kept in Paytm wallet. However, Paytm has assured its users that their money is completely safe and there is no need to panic. But still, if you feel that you want to withdraw your money from the wallet and transfer it to the bank account, then you have to pay some charge for it. Because this service is not free. Paytm levies a charge for transferring money from a wallet to a bank account.
For your information, let us know that in most mobile wallets like Paytm, PhonePAY, Payzapp, adding money from bank account, credit card and debit card is absolutely free, but transferring money from these wallets to the bank, the users have to pay some charge. is. This charge is between 2 and 5%.
Find money Transfer from Paytm 3% charging Paytm charges charged nearly 3% to transfer money from the bank account to your wallet. The amount you transfer will be deducted as a 3% charge. Earlier this charge was 5%, but now it has been reduced to 3%. The chance to transfer money at 3% is only till 30 September 2020. After this, this charge may increase.
this method will not cut any charge – Users can transfer money from their bank account to any account of any bank through UPI from Paytm app. Paytm does not have to pay any fees for transferring money through UPI. Please tell that all e-wallet companies are connected with UPI. To transfer money for free, it is necessary to get your Paytm full KYC verification done. After KYC verification, you can send money from one account to another without giving any additional charge.
Hence charge is taken
When you add money to a mobile wallet from a credit card, debit card or bank account, the mobile wallet company has to pay a few rupees as a transaction charge to that bank. Similarly, when you add money to your Paytm wallet, it has to pay something to the concerned bank. For this she does not charge any fees from customers. But when a customer transfers money from the wallet to the bank, then Paytm charges customers to recover its cost.