About Paytm Wallet

I am a KYC user but I still can not send money?

As per RBI guidelines, you can send only upto Rs.10,000 in a month to any user. However, to send more money, you will have to add the user as beneficiary. This option is available under Paytm App < Profile < Manage Beneficiary (update your App to latest version to see this). You can add a beneficiary there and can send upto Rs.1 lakh to another user in a month

Are there any limits on KYC-enabled Paytm Wallet?

The balance in your Paytm Wallet at any point in time cannot exceed Rs. 1 lakh.

What are the charges for sending money to the bank for KYC users?

You would pay 3% charge to send money from your Paytm Wallet to your bank account. Non-KYC users won’t be able to use this service from 1st March 2018.

What are the charges for sending money to other users?

There will be no fee to send money to other Paytm users. Non-KYC users won’t be able to use this service from 1st March 2018.

How much money can I send to my bank account from my wallet?

KYC users can send up to Rs.25,000 from their wallet to Bank account every month.