With Paytm, you can transfer funds directly to any bank account using the recipient's Account Number and IFSC code. This method is instant, secure, and eliminates the need for lengthy beneficiary approval processes found in traditional banking apps.

Steps to Send Money to a Bank Account

Follow this guide to complete a direct bank transfer:

• Select Transfer Option:
  • Open the Paytm App.
  • Tap on the 'To Bank A/c or UPI ID' icon on the home screen.
• Choose Transfer Method:
  • On the next screen, select 'Enter Bank A/c No. & IFSC'.
• Enter Recipient Details:
  • Type in the recipient's Bank Account Number.
  • Enter the Bank Name or IFSC Code.
  • Tap 'Proceed'.
• Enter Amount:
  • Input the amount you wish to transfer.
  • Tap 'Proceed'.
• Complete Payment:
  • Select the bank account you want to pay from.
  • Enter your UPI PIN to authorize the transaction.
  • The transfer will be completed instantly.

What to Do If a Transaction Fails?

If a transaction fails due to network issues or incorrect details:

• Check Bank Statement: Verify if the money was actually debited from your account.
• Retry: If the money was not debited, check the recipient details for errors and try again.
• Contact Support: If money was debited but the transaction failed, go to the 'Help & Support' section in the app to raise a ticket for quick assistance.