Question: Do I Need Bank Account For Paytm?

Can I use Paytm without KYC?

A.

Minimum KYC is required for using Wallet.

Without minimum KYC it is still possible for you to use Paytm for UPI money transfer and make purchases using credit/debit cards and net-banking..

How can I complete KYC in Paytm at home?

How to complete KYC process through the Paytm appLog in to the Paytm App.Tap on ‘Nearby’ option.Tap on ‘Upgrade Account’ to proceed.Select the desired location from the list areas and visit the place to complete your KYC.Users will have to carry their Aadhar card and Pan card as an ID Proof.

Is Paytm bank safe?

Mobile payments and banking are safe — especially with Paytm, as we use world-class security and encryption to keep your data as safe as possible. … In many ways, mobile payments and banking are safer than carrying a physical wallet and taking wades of cash to your nearest bank branch.

Can I use Google pay without ATM card?

You must have an ATM or Debit card.

Why I Cannot add money to Paytm wallet?

Paytm allows its users to add money to Paytm wallet through various modes including online banking, debit cards, and credit cards. … In fact, this is the primary reason for customers not being able to add money to their Paytm wallet. In most cases, this happens if you have exceeded your KYC limits.

Is PAN card mandatory for Paytm KYC?

Aadhaar based KYC at your Nearby KYC Point: You can find Nearby KYC points by tapping on http://m.p-y.tm/kyc on your smartphone or visiting this link on your browser. You may also tap on the Nearby icon on the blue strip at the top of Paytm App Home page. You need to carry your Aadhaar and PAN* for verification.

Can I deposit cash in Paytm?

All you’ve to do is to fill in the“Pay-in-Slip” (available at all branches) with your mobile phone number that is registered with Paytm as reference number, then submit the deposit slip at the cash counter, and money will be credited into your Paytm Wallet.

Can Paytm be hacked?

Yes, if your Paytm account is compromised. When the hacker gets access to your wallet or UPI APP, the hacker can access the bank details or credit/debit details and misuse it to withdraw money. … Remember these 10 short and simple tips to protect your money while using these digital payment Apps.

What is the maximum limit to add money in Paytm?

10,000 in your wallet in a month. To upgrade your limit to Rs. 1 Lakh, please get your account verified with us using the KYC process.

How can I add money to my Paytm account without debit card?

Open the Paytm App & Tap on. ‘Bank Transfer’ Icon. … Link your bank account with Paytm. Choose the bank with registered mobile number as your Paytm Number. … Account link Successful. … Enter the Details of the A/C Holder. … Fill in the Amount to Be Transferred. … A ‘Transaction Successful’ Message Will Reflect on the Screen.

How do I deposit cash to online bank account?

How to Deposit Cash to an Online BankUse a linked ATM. Some online banks participate in ATM networks. … Use a prepaid debit card. … Make a local deposit and transfer money. … Buy a money order. … Choose the right approach for depositing cash to an online bank.

What is the difference between Paytm wallet and Paytm bank?

On Paytm wallet 2% charge will be applied for transferring the funds but ‘Paytm Payments Bank’ is India’s first bank with zero charges on online transactions, with no minimum balance requirement bringing a new banking model to the window of one’s phone.

How can I add money in Paytm without bank account?

Step 1: Here, you can add money to your Paytm Wallet by selecting the Add Money tab present on its homepage. Step 2: On Paytm app, you can add money via your Credit/Debit card, Net Banking, UPI, IMPS or ATM card. Step 3: You have to enter the amount you want to add and tap on the Add Money option.

Can I use Paytm without ATM card?

If you do not have any saved credit or debit card, you can choose to save a card for faster payment next time. Once you enter details on your bank’s page & complete the transaction, you will be redirected to Paytm with money added in your Paytm wallet.

Can I use Paytm without linking bank account?

Paytm has clarified in a blog that users can continue to use the digital wallet app even without linking their Aadhaar or KYC process. “Paytm is also a commerce platform and we allow users to do any transaction using Credit Cards, Debit Cards, Net Banking & UPI in addition to Prepaid Wallet.

Is debit card necessary for UPI?

Thus you can see that there is no other option to authenticate the user for the UPI PIN except the debit card. That’s why the debit card is mandatory to set the UPI PIN.

What is required to open a Paytm account?

You need to set up an account using your mobile phone number and email ID to setup a Paytm account and transfer cash to the wallet. You can add up to Rs. 10,000 in a month in the Wallet; if you want to increase the monthly limit, then you can get the KYC (Know Your Customer) processor done.