Transfer from wallet to bank account

Why Paytm charges some amount of tax or fee if we transferring the amount in the bank account

2 Answers
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2 Answers
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  • In order to transfer money from your Paytm wallet to a bank account, you need the name, account number, and IFSC code of the bank account holder. However, there is a 20k limit on transactions (50k for merchants) if you haven't got your KYC (Know Your Customer) process done. if you need to transfer more than the limit, then you will need get in touch with Paytm to get your KYC done.
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  • Yes it is easy to transfer wallet money to your savings account. Yes it charges some tax for transferring the money
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