How Much Money Can Be Added To The Paytm Wallet?

How Much Money Can Be Added To The Paytm Wallet?
How Much Money Can Be Added To The Paytm Wallet?

Paytm Wallet is an RBI-approved secure mobile wallet that allows consumers to make various types of payments. They can add money to their Paytm Wallets with a variety of payment methods and keep the money as digital cash. Furthermore, Paytm Wallet can be used for peer-to-peer (P2P) or peer-to-merchant (P2M) payments. Users can link bank accounts, credit or debit cards to the wallet and start using the wallet to perform a variety of transactions.

In this blog, we will learn how much money can be added to your Paytm wallet and how to do it!

Money that can be Added to Paytm Wallet

  1. Full KYC users can add an amount to their wallet of up to Rs. 99,999 (5-digit number) at any time. A maximum or full KYC is a process that requires a user to provide information such as a unique identification number, passport, or voter ID card in order to gain full access to the Paytm wallet. The full or maximum KYC takes 2-3 working days after the home visit by a Paytm-authorised representative.
  2. Users with a minimum KYC can add up to Rs. 10,000 per month to their Paytm wallet.. A minimum KYC provides limited access to the Paytm wallet and necessitates the user providing sufficient information to activate it. To complete the Paytm minimum KYC, a user must provide their name and a unique identification number ( Voter ID card, passport, Aadhaar number or NREGA Job Card). The minimal KYC procedure only takes a few minutes.

It should be noted that the total value of the Paytm wallet cannot exceed Rs. 99,999 at any time!

How to Transfer/Add Money to Paytm Wallet?

The following are the methods for transferring/adding money to your Paytm wallet:

Add Money to the Paytm Wallet Through Paytm Payments Bank

  • Open the Paytm application
  • Locate the ‘My Paytm’ section and select ‘Paytm Wallet’
  • Enter the desired amount or select the option to add the amount automatically.
  • Click the ‘Add amount’ button
  • Select Paytm Payments Bank and enter the passcode to add money to the Paytm wallet.

Add Money to the Paytm Wallet Through Net Banking

  • Open the Paytm app
  • Look for ‘Paytm wallet’
  • Add the desired amount and then click the ‘Proceed’ button.
  • Select the ‘Net Banking’ option and then your bank.
  • Then, click ‘Pay’ and log in with your User ID and password, or log in with your registered mobile number.
  • Choose your preferred payment method, then enter your OTP and PIN.
  • Log in again to continue adding money to your Paytm wallet.

Add Money to the Paytm Wallet Through a Debit Card

  • Open the Paytm app
  • Locate ‘Paytm Wallet’ and deposit the required amount
  • Click the ‘Proceed’ button
  • Then, select the ‘Debit card’ payment option
  • Enter your debit card information, such as the card number, expiry date, and CVV number, to add money to your Paytm wallet.

Add Money to the Paytm Wallet Through a Credit Card

  • Open the Paytm application
  • Locate ‘Paytm Wallet’ and add the desired amount
  • Select ‘Proceed’
  • Next, select the credit card payment option
  • Enter your credit card information, such as the card number, expiry date, and CVV number, to add money to your Paytm wallet.

Add Money to Paytm Wallet Through a Bank Account

  • Open the Paytm application
  • Navigate to the ‘My Paytm’ section and select ‘Paytm Wallet’
  • Enter the desired amount or choose ‘Automatically Add Amount’.
  • Select ‘Add amount’ from the drop-down menu
  • Select any of the linked bank accounts, enter the passcode, and add money to the Paytm wallet
Setup Auto-Add Money

Conclusion

Add a maximum of five-digit numbers, such as Rs. 99,999, to the Paytm wallet to complete transactions online or offline. Download the Paytm app now for an amazing, trouble-free digital wallet experience!

FAQs
Is it possible to add Rs. 1 lakh to my Paytm wallet?
No, you can only add Rs. 99,999 to your Paytm wallet. It should be noted that the wallet amount cannot be more than Rs. 99,999.
Is it possible to add only Rs. 10 to my Paytm wallet?
Yes, users can deposit Rs. 10 into their 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 a component of the Paytm app. Users can thus download the Paytm application from an authorized play store, such as Google Play Store or Apple App Store.
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