When you add a particular bank account in Paytm UPI then it will automatically select as a primary account to receive money from others. But if you have added multiple bank account then only one account selected as primary (default) account. You will receive money in this account and also when you pay online on Flipkart, Amazon or any shopping portal using UPI then money will be deducted from this default account.
- Also Read:How to change Paytm UPI Address
How to delete Bank Account From Paytm - How to Unlink Bank Account From Paytm - Delete Bank Account#UnlinkBankFromPaytm #Paytm #DeleteBankAccount #DeletePayt. Go to Payout Settings under the main Settings menu, select ‘Change’ in the Bank Details section and follow the on-screen instructions. In most cases, your bank account will be changed almost immediately.
Calling Customer Care. 1) First of all download the Paytm app from below. 2) After that login into. Paytm also gives us the facility to transfer money from one bank account other. However, users often complain that they are charged 5% convenience fee for transferring money from their Paytm wallet to a bank account. However, merchants money can be waived off by following these steps.
What is the Primary/Default Paytm UPI account?
When you link/add multiple bank account in Paytm UPI, then you need to select one account as a primary/default account. Your Paytm UPI ID linked with this primary account, so if someone sends money to your UPI ID, it will be credited to your primary account. When you make payment by entering your Paytm UPI ID, the money will be deducted from your primary account.
So if you have added two or more bank account in Paytm UPI then you can select any one account as primary. You can change or remove the primary bank account anytime.
How To View/Check Paytm UPI Primary Account?
Just open the Paytm UPI section, and here you can see all linked (added) bank accounts. You can see your PRIMARY Account here as you can see below screenshot.
How to Change Paytm UPI Primary Account?
Suppose you have multiple linked bank account in Paytm UPI and you want to change your primary account then follow these steps:
Open UPI Section in Paytm.
In UPI Section, you can see the Saved Bank Accounts list. You can see here the current primary account.
To change the primary account, tap on the desired bank account and tap on Make Primary as you can see in the below screenshot.
That’s all, now this changed primary bank account will be used to receive money and for payment.
How to Remove Paytm UPI Primary Bank (default) account?
If you wish to remove the primary bank account in Paytm UPI then tap on UPI section and here you can see Saved Bank Accounts. Tap on Primary Account.
And next screen tap on Remove Bank option. That’s it.
After removing the primary bank account. your other added bank account will be select as a primary (default) account automatically. If you have a single bank account and you have removed it then you need to add a bank account again to use Paytm UPI.
FAQ
Paytm Payment Bank
Q.1: Can a person with two different bank accounts linked with Paytm do money transfers between the banks?
Ans: No, only your primary bank account will receive the amount transferred to you. If you have two or more bank account linked with Paytm UPI then you can select or change any bank account as primary (default) account.
Transfer Paytm Wallet Money to BankAccount : Paytm is a well known Indian electronic payment and e-commerce company which is based at Delhi NCR. Launched in the year August 2010, it has come a long way now. A lot of people use Paytm wallet on a regular basis. If you are looking to transfer Paytm Wallet Money to Bank Account, this article will be helpful to you. In this Article, we will tell you the steps to transfer Paytm Wallet Money to Bank Account by Paytm App.
How to Transfer Paytm Wallet Money to Bank Account ?
Before we tell you about the procedure to transfer Money from Paytm Wallet to Bank Account, let us tell you what actually is paytm.
What is Paytm Wallet ?
Paytm is a well known electronic payment company that provides its services through a browser, and a mobile app which is available on all popular operating systems including Android, Windows and iOS. With the use of Paytm Wallet you can easily book air tickets and taxis, do mobile recharge, buy movie tickets at Select Multiplexes, and make payments for your DTH, broadband, electricity bills and a lot more. By using Paytm wallet one can also buy fuel at Indian Oil Petrol pumps.
Let us tell you the procedure to transfer Paytm Wallet Money to Bank Account through Paytm Mobile App.
Steps to Transfer Paytm Wallet Money to Bank Account through Paytm Mobile App
Before we start with the steps hope you have completed the procedure to Add Money to Paytm Wallet. Now, In order to transfer money from Paytm Wallet to Bank Account, you need to follow the steps given below :
1)Download the Paytm App on your Smartphone.
2) Open the Paytm App using your Login ID and Password.
Create Paytm Account
The good thing about Paytm App is that you do not need to Login to your Account every time you open it.
3) Click on Passbook.
4) Enter the following details :
- Amount : Enter the Amount to be transferred. Make sure that the Amount is from 100-5000 only.
- Account Holder’s Name : Enter the Name of the Account Holder exactly as in Bank Records.
- IFSC Code : Enter the IFSC Code of the Branch of the Bank in which the account is operated.
- Optional Description : Here you can write a short 4-5 words description which could also be seen in the Account Statement of the Account Holder.
Paytm Current Account
5) Finally, Click on Send and you’re done!
You will find that the amount has been credited to the Bank Account immediately by IMPS irrespective of whether it is a bank holiday or not.
Final Words :
Paytm Sign Up New Account
You might have seen that the process to transfer money from Paytm Wallet to Bank Account is quite easy. In case of an emergency, you can also use this procedure to transfer Money from your Credit Card to Paytm Account and then from your Paytm Account to your Bank Account.
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