Ever wondered if there was a better way to transfer money? Get rid of lengthy process of account number & IFSC additions, waiting for beneficiary activation, transaction getting delayed as NEFT transactions are processed in a fixed slot. Here is Paytm UPI for you to forget Net-banking and do all your bank transfers in the safest and easiest way possible. Money transfer has never been more easy & convenient.
Now transfer money from your bank account to any bank account using Paytm app. You can check balance, transfer money to your friends & family, request money securely on Paytm. Money transfer on Paytm is powered by BHIM UPI, a revolutionary technology which enables payment to your bank account directly using mobile number only. Now, you can transfer money only using UPI address apart from usual “Account Number & IFSC” based money transfer.
All you need to do is link your bank account on Paytm and setup your MPIN. Your MPIN is a 4 or 6 digit passcode, stored securely with NPCI (National Payments Corporation of India). Your account details and MPIN is safe with NPCI and is authenticated with secure servers whenever money is deducted from your account using Paytm UPI.
Here is why you should forget Netbanking forever and adopt Paytm’s “Bank Transfer” feature powered by BHIM UPI -
|Money Transfer using Paytm BHIM UPI||Money Transfer using Net Banking|
Wow, you saved a lot of hassle & time.
Your bank account should be linked to your mobile number & you must be logged-in to Paytm with that mobile number. Follow below steps to access “Bank Transfer” on Paytm -
Open the Paytm App & Tap on
‘Bank Transfer’ Icon
Link your bank account with PaytmChoose the bank with registered mobile number as your Paytm Number. We support all major banks.
Account link SuccessfulSet your MPIN using your debit card. Now you can check balance of your linked account any time. You can view your Virtual Payment Address and bank accounts from ‘My Profile’ section.
Enter the Details of the A/C HolderEnter details of the account holder i.e., name, account number and IFSC code. Avail the benefits of Cashback offers on money transfer using UPI.
Fill in the Amount to Be TransferredFill in the amount you want to transfer and you also have the option to ‘add message’ with the money transfer.
A ‘Transaction Successful’ Message Will Reflect on the ScreenGet instant confirmation of your transaction status.
Speed: Money transfer on Paytm is very easy and get processed within a minute. The amount reaches the beneficiary’s account as soon as you transfer the money.
Flexibility: You can transfer any amount you want and at any time you want, be it at night, day or any other time. No need to worry about the banks to be open.
Transfer On Holidays: Unlike traditional money transfer method or NEFT where you cannot transfer money on holidays, you can do that here on Paytm. Do not wait for the bank holidays to get over and transfer the money anytime you want.