Paytm Wallet is a secure and convenient mobile wallet approved by the Reserve Bank of India. It allows consumers to add money to their wallets using a variety of payment methods, such as bank transfers, debit or credit card payments, and cash deposits. The money added to the wallet can be used as digital cash for making online or offline payments. Paytm Wallet can be used for both peer-to-peer (P2P) and peer-to-merchant (P2M) payments. To use the wallet, users need to link their bank accounts, credit or debit cards to the wallet, and they can start using it to make transactions.
In this article, we will discuss how much money you can add to your Paytm wallet and how to do it.
Money that can be Added to Paytm Wallet
Full KYC
- Full KYC users can add up to Rs. 99,999 to their Paytm wallet at any time.
- A full KYC is a process that requires users to provide identification information in order to gain full access to the Paytm wallet.
- This process takes 2-3 working days and involves a home visit by a Paytm-authorized representative.
- A maximum or full KYC is required for users to be able to access all features and services offered by Paytm.
- The identification information required for a full KYC may include a unique identification number, passport, or voter ID card.
Minimum KYC
- 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.
- To activate a minimum KYC, a user must provide their name and a unique identification number (Voter ID card, passport, Aadhaar number, or NREGA Job Card).
- The minimum KYC procedure only takes a few minutes.
It’s important to note that the maximum value of a 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
Conclusion
You can add numbers up to five digits, such as Rs. 99,999, to your Paytm wallet to make online or offline transactions. To enjoy a smooth and convenient digital wallet experience, download the Paytm app now.
