How can we transfer money from PAYTM to our bank account without any charge?

Step 1-Open an account on Paytm Payments Bank

Open your Paytm and tap on Bank on lower right portion. If you already have a payments bank account it will show like this, otherwise open an account. (It's a 2 minute process and no money will be charged)

Step 2- Download and install phonepe or tez app

If you don't have the app go through the link below:-

Phonepe- https://phon.pe/ru_pran7tvkn

Tez - Referrals – Tez

I prefer tez although it takes many attempts to register.

STEP 3- REGISTERING ON THE APP

Fill the basic details on the app.Then

For tez

Tap on your name on top left corner and go to Bank Account.

Here add your Paytm Payments bank details on Add bank account.

Similarly you can add your payments bank account on phonepe.

Step 4-Withdrawing of money

Whenever you pay somebody click on pay through Paytm Payments bank.

Pay to any of your friend and tell him/her to pay back the amount.

Tez and Phonepe are directly linked to your bank account so the money will be credited to your bank account.

Note: I tried to give short and detailed information as much I can. If the process looks lengthy, believe me it would take just 10 seconds after the registration is done.

I tried so hard from Gooogle, but nothing helps at all. It’s been 2 days of finding an answer.

But then I went back to PayTM with an idea. And that idea got me very happy with great achievement and yeah, an answer for you all.

There is A WAY to transfer money from PAYTM WALLET to Your bank account without any charge, but requires little long steps (all easy I promise).

Before sharing steps, I want you to know that it’s ONE/FIRST-TIME TRANSFER FREE (I guess). Go and make one time free transfer if you decide that it’s necessary to transfer now. I suggest you to transfer large amount only, you know why. (Large Amount requires large transaction costs).

I will share steps below which is purely from Mobile App perspective.

If you are expert enough. Here are steps that you need to do:

• STEP 1:Transfer your wallet money to your PayTM Payment Bank
• STEP 2: Transfer from PayTM Payment Bank to your personal bank.

In case if you want detailed easy step-by-step. Then follow the steps below:

• STEP 1: Go to PayTM app,
  Click MENU (3 horizontal bar),
  Click your account name,
  Scroll down and click “Manage Beneficiaries”.
• STEP 2: Add new Beneficiary.
  Click “PayTM wallet”,
  Add your mobile number.
  Click “Add Beneficiary”.
• STEP 3: Add new Beneficiary.
  Click “Bank Account”,
  Add your account number, account holder’s name and IFSC Code.
  Then “Add Beneficiary”
• STEP 4: Back back and back.
  Go to “Bank” (PayTM Payment Bank).
  Click “Saving Account”.
  Click “Add Money to Savings Account”.
  Fill the amount you want to transfer.
  Choose “PayTM wallet” in the list of “Choose an Account to Transfer from”.
  Then “Proceed Securely”.

INTERMISSION: Congratulations! Your money has transferred from PayTM wallet to PayTM Payment Bank.

• STEP 5: Back back and back.
  Go to “Bank” (PayTM Payment Bank).
  Click “Saving Account”.
  Click “Money Transfer”.
  Choose your own bank that you want to transferred to in “Select A Saved Account”.
  Fill the amount you want to transfer.
  Then “Proceed”.

THE END: Congratulations! Your money has transferred from PayTM Payment Bank to your own XXXX bank.

In case: If you have used Free One-Time Transfer already, then there is still another limited solution without charge. Here is how:

You can send your PayTM wallet to your close one’s PayTM, and then let him/her follow the steps 1,2 & 3 but in Step 4th, add your bank account, not his/her account.

Cheers!

FREE FIRST-TIME TRANSFER IS APPLICABLE TILL AUGUST 26, 2018, CHECK LATEST INFO AT “SCHEDULE OF CHARGES: PAYTM WALLETS