How to Transfer Money Between Bank Accounts via Paytm?

Whether you’re splitting a bill with a friend, transferring funds to a family member or transferring money between your own bank accounts, Paytm simplifies the process. In this guide, we’ll take you through the step-by-step procedure for transferring money between your bank accounts through Paytm, ensuring a seamless and hassle-free experience.

What is Self Account Transfer Meaning?

Self-Account Transfer is a feature that allows you to easily move funds between your own accounts within the same bank using a UPI app. You can transfer money from your savings account to your current account or between different savings accounts. This feature helps you manage your finances conveniently, ensuring quick and hassle-free transactions without any extra charges or delays associated with transfers to other banks. Just select the source and destination accounts, enter the amount, and complete the transfer instantly!

Steps to Transfer Money Between Your Bank Accounts

To start transferring money on Paytm, the first step is to set up your UPI account within the app. During this setup, you’ll need to link at least one bank account for your transactions. If you wish to transfer funds between multiple accounts, ensure that all the relevant bank accounts are linked to your Paytm app. Once you’ve linked your accounts, just follow the given steps to complete your money transfer:

Step 1: Open the Paytm app on your device and log in to your account.

Step 2: Navigate to ‘To Self A/C’ to start the transfer process.

Step 3: A new screen will display all your linked bank accounts; choose the account to which you want to transfer money.

Step 4: Enter the amount you wish to transfer and click on ‘Proceed Securely.’

Step 5: Select the bank account from which the funds will be deducted.

Step 6: Review the amount and source account, then click ‘Pay.’

Step 7: Enter your UPI PIN to authorize the transaction.

Step 8: Once completed, Paytm will notify you, and you’ll receive details such as the transaction date, time, and a UPI reference ID for your records

Transferring money between your Paytm accounts is quick and easy. You can also check your account balance and see your transaction history whenever you want. Paytm keeps your transactions safe with strong security features, making it a reliable choice for managing your money. Plus, with a high success rate for transactions, you can enjoy a smooth experience. Start using Paytm to easily manage your funds!

5 Reasons Why You Must Use Paytm

1. Seamless Money Transfers

With Paytm, you can transfer money effortlessly between your own accounts or to anyone else with just a few taps. Whether you need to send money to a friend, family member, or vendor, Paytm makes the process quick and easy. You have the option to transfer to any mobile number or bank account, ensuring that your funds reach the intended recipient without hassle.

2. Secure Transactions with Paytm Security Shield

Security is paramount when it comes to your financial transactions. Paytm understands this and has implemented robust security features, including the Paytm Security Shield. This shield safeguards you against unauthorized access and ensures that your personal information and funds are protected, giving you peace of mind during every transaction.

3. Automatic Payments

Paytm allows you to set up automatic payments for recurring bills, such as electricity and phone bills. This feature ensures that you never miss a payment deadline, helping you manage your finances more effectively and avoid late fee.

4. Automatic Payments

Paytm allows you to set up automatic payments for recurring bills, such as electricity and phone bills. This feature ensures that you never miss a payment deadline, helping you manage your finances more effectively and avoid late fees.

5. Earning Cashback

One of the most attractive features of Paytm is its cashback offers. You can earn cashback on various transactions, including bill payments, recharges, and online shopping. This incentive not only makes your transactions more rewarding but also helps you save money while enjoying your shopping experience.