Paytm app can be used for mobile recharge, bill payments, postpaid recharge, movie tickets, online shopping, traveling, and flight and even for online payments at several sites.

In India, there are millions of people who are using Paytm for sending and receiving money.

If you are already using the Paytm app that is available for android and iOS. You may have already added money to your wallet.

As we can use wallet money for various types of transactions, but there are a lot of people who don't use this wallet balance and if you want to transfer Paytm wallet money to a bank account then you can do it easily using the Paytm mobile application.

Paytm also offers its own Paytm payments bank account that you can use similar to a normal savings bank account. And you can also send money from the wallet to your own Paytm bank account.

By the way, if you want to send wallet balance to a bank account (SBI, IDBI, yes bank, bank of Baroda, etc,) then it can be done from the app.

Also, you should know that Paytm is charging some fees for transferring wallet money to the bank. Currently, 3% of fees will be charged.

Steps to Transfer Paytm Wallet Balance to Bank Account

  • Open the Paytm mobile app (Android or iOS).

  • Now, from the homepage, you will see an option 'Wallet to bank', just click it.

    Paytm wallet to bank

  • Enter the amount of money that you want to send.

  • Now, it will ask you to enter bank details such as bank account number, IFSC code, and other information. Submit all required details.

  • Finally, proceed further, and if you have sufficient balance in the Paytm wallet then it will be transferred to your bank account.

    Transfer money from paytm wallet to bank

Also, check for the fees while sending money and it will be added to the amount, this is an additional fee charged by Paytm and usually, it is approximately 3% and the value can be changed anytime.

Read more - How to Send Money to a Bank account via Phonepe

There are various reasons for an individual to use Paytm wallet money as real money and by the way, you can also pay for goods and services such as mobile recharge, booking, online shopping, and even for Paytm mall.

In case, if you want to add money to wallet, Paytm wallet can be reloaded using different methods like debit card, net banking, UPI, etc.

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