Paytm allows transfer of money from m-wallet to bank account

[nambbus]

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Paytm, mobile commerce platform, on Thursday introduced the Immediate Payment Service (IMPS) on its platform.
Paytm users can now use their mobile wallets to transfer money into any bank accounts. The company has also announced plans to open about 50,000 retail outlets where over 25 million Paytm users will be able to load cash in their mobile wallets, Paytm said in a statement.
In order to avail the wallet to bank account transfer facility, a user has to be mobile or e-mail verified and must be registered on the system for over 45 days, it said.
The balance in the Paytm wallet must be a minimum of Rs 2,000 and the transaction amount must exceed Rs 1,000. The daily upper limit for wallet to bank account transactions is Rs 5,000 and the monthly limit is Rs 25,000, it said.

 

[sam]

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Paytm, mobile commerce platform, on Thursday introduced the Immediate Payment Service (IMPS) on its platform.
Paytm users can now use their mobile wallets to transfer money into any bank accounts. The company has also announced plans to open about 50,000 retail outlets where over 25 million Paytm users will be able to load cash in their mobile wallets, Paytm said in a statement.
In order to avail the wallet to bank account transfer facility, a user has to be mobile or e-mail verified and must be registered on the system for over 45 days, it said.
The balance in the Paytm wallet must be a minimum of Rs 2,000 and the transaction amount must exceed Rs 1,000. The daily upper limit for wallet to bank account transactions is Rs 5,000 and the monthly limit is Rs 25,000, it said.

Your Link bro....

Paytm allows transfer of money from m-wallet to bank account

 

[Ms Rajpurohit]

Any charge for this or free.

 

[Balaji G]

Yes i had transferred the cash back amount to my bank account. Following are some of the points to be considered,
1. Min amount required to transfer is Rs2000
2. Mode of transfer is IMPS, means u ll immediately get amount in account.
3. 4% Amount will be taken by Paytm.

 

[me_saket]

How u got cash back balance of rs2000

 

[Greatkarthik]

But 4% amount deducted

 

[IndiaN]

Better to Use Cash Back Amount in Recharge/Bill Payment & Save 4% Amount

 

[Balaji G]

I got 1500 cash on purchasing transcend 1tb hard disc@4394rs. Had 600rs wallet already...