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News Trends Watch

Now Send Money from Paytm to Your Bank Account at 0% Charge

To tide over the current demonetisation crisis, Paytm has waived off bank transfer charges till 31st Dec.

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Adeesh Sharma
06 Dec 2016 11:17 IST

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Digital transactions are easier to track and audit, making it easier for the authorities to curb illegal transactions. This ensures that you never lose track of money or checks owing to human error on your part or on the part of the bank.

All Paytm users can transfer money from Paytm to their bank account at 0% fee till 31st December 2016 subject to a minimum transfer amount of Rs 100. But for those customers who embrace the newly launched Paytm Payments Bank, the transfer charges from the Paytm wallet to Paytm Payments Bank account shall stand at 0% even after 31 Dec’16. This includes all KYC & Non-KYC users & merchants. All Non-KYC users were earlier charged 1% which has now been reduced to 0%. New Paytm customers have to wait 3 days before sending money to a bank account, however, if KYC formalities have been completed, then they can send money to any bank account immediately without any waiting period.

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