How Much Money Can Be Added To The Paytm Wallet?

How Much Money Can Be Added To The Paytm Wallet?

Digital wallets are one of the best ways to make payments online or offline, that too, without the need to carry cash in pockets or wallets. The funds added to the digital wallets can never get stolen as they are protected with a strong passcode. Digital wallets make it easy for users to complete transactions within seconds and on-time push notifications alert the user about the transaction.

Generally, digital wallets are integrated into the payment applications like in the case of the Paytm application that offers users the flexibility to make transactions effortlessly. To use a digital wallet, users are required to add an amount to the wallet either through the linked bank account, net banking, UPI or directly from the Paytm Payments Bank savings account.

For example- If the user is using a Paytm application, he/she can add the desired amount to the Paytm wallet either through the linked bank account or from the Paytm Payments Bank savings account. The money can be added just by entering the desired amount and passcode.

In this blog, we will provide you with an understanding of how much money can be added to the Paytm wallet and why the Paytm wallet is the best digital wallet available in the market.

How much money can be Added to Paytm Wallet?

  1. Full KYC users can add an amount till Rs. 99,999 (5 digit number) to the wallet at any given point in time
  2. Users with minimum KYC can add an amount to Rs. 10,000 in a month

It is to be noted that the value in the Paytm wallet cannot exceed Rs. 99,999 at any given time!

How to Transfer/Add Money to Paytm Wallet?

There are two ways to transfer or add money to the Paytm wallet. The first one can be done through a linked bank account and the second way is adding the amount to the wallet directly from the Paytm Payments Bank savings account-

Transfer/add money to the Paytm wallet through Paytm Payments Bank

  • Open the Paytm application
  • Locate ‘My Paytm’ section and click on ‘Paytm Wallet’
  • Enter the desired amount or opt for the automatically add amount option
  • Click on ‘Add amount’
  • Select Paytm Payments Bank, enter the passcode to add money to the Paytm wallet

*Users can also opt for Debit/Credit cards, BHIM UPI and Net banking to add or transfer money to the Paytm wallet

Add money to the Paytm wallet through net banking

  • Open the Paytm application
  • Locate ‘Paytm wallet’
  • Add the desired amount and click on ‘Proceed’
  • Choose net banking and select the bank
  • Next, click on Pay and enter the User ID and password to log in or log in with the registered mobile number
  • Choose the desired payment, enter the OTP and debit card PIN
  • Login again to proceed with adding an amount to the Paytm wallet

Add money to the Paytm wallet through a debit card

  • Open the Paytm application
  • Locate ‘Paytm Wallet’ and add the desired amount
  • Click on ‘Proceed’
  • Next, choose the Debit card payment option
  • Enter the debit card details like card number, expiry date, CVV number to add an amount to the Paytm wallet

Add money to the Paytm wallet through a credit card

  • Open the Paytm application
  • Locate ‘Paytm Wallet’ and add the desired amount
  • Click on ‘Proceed’
  • Next, choose the credit card payment option
  • Enter the credit card details like card number, expiry date, credit card CVV number to add an amount to the Paytm wallet

Transfer/add money to Paytm wallet through a bank account

  • Open the Paytm application
  • Locate ‘My Paytm’ section and click on ‘Paytm Wallet’
  • Enter the desired amount or opt for the automatically add amount option
  • Click on ‘Add amount’
  • Choose any of the linked bank accounts, enter the passcode and add money to the Paytm wallet

What can be done from a Paytm Digital Wallet or Paytm Payments Wallet?

A user can use a Paytm digital wallet for more transactions than the ones listed below-

Why choose Paytm Application Digital Wallet?

Following are the reasons to choose Paytm application digital wallet over others-

  • Paytm digital wallet is easy to use
  • Paytm Wallet can be used to complete transactions online
  • The user interface of the wallet is extremely easy and does not confuse the user
  • Using Paytm Payments wallet, users can pay electricity, gas/cylinder bills, school/college fees, recharge their mobile phone, pay the postpaid mobile bills, etc., effortlessly
  • Paytm wallet offers rewards, cashback and more (t & c) after the completion of transactions
  • Paytm digital wallet is accepted across merchants
  • A user needs to perform just 3 simple steps to set automatic add money feature. The feature will automatically add an amount whenever the wallet balance will go below the set limit
  • One can set the wallet limit as per the requirement
  • The automatic add money feature eliminates the need to enter PIN/OTP for adding money
  • A minimum of Rs. 500 is required to be added to the wallet that can go to Rs 5000
  • Paytm digital wallet enables one to complete transactions at POS, online or transfer funds
  • There is no fee charged by Paytm for Paytm digital wallet, although a minimal charge has to be incurred by a user while adding money to the wallet through a credit card
  • There is no minimum balance requirement for the Paytm digital wallet, however, the all-new ‘automatic add money’ feature adds up the amount to the wallet automatically

Conclusion

Add a maximum of 5 digit numbers, such as- Rs. 99,999 to the Paytm wallet to complete transactions online or offline for a hassle-free experience. Download the Paytm application today and get an amazing, hassle-free digital wallet experience!

FAQs
Can I add Rs. 1 lakh to my Paytm wallet?
No, an amount of Rs. 99,999 can be added to the Paytm wallet. It is to be noted that the wallet amount cannot exceed Rs. 99,999.
Can I add only Rs. 10 to my Paytm wallet?
Yes, users can add Rs. 10 to the Paytm wallet.
Is it possible to use Paytm wallet for online transactions?
Yes, the Paytm wallet can be used to make online transactions easily.
From where can I download Paytm wallet?
Paytm wallet is not a separate feature, it is an integrated part of the Paytm application. Thus, users can download the Paytm application from the authorized play store like Google Play Store, Apple App Store.
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