Another program that allows thousands of users to transfer money from one bank account to another is Paytm.
Paytm is a completely free software that allows users to safely transfer money. Paytm, on the other hand, charges a minimum service fee of 5% when transferring money from your account to a bank account.
These fees are due to your bank’s fees or charges to Paytm for keeping your money safe and secure. Every time you add money to your wallet, Paytm charges your bank a small fee.
There are some very particular processes that you must follow carefully to transfer money from your Paytm wallet to your bank account. The following is the correct way to transfer money from your wallet to your bank account:
How to perform a Paytm Self Transfer:
To begin the process, you must first have the Paytm app installed on your phone. If not, you can get it from the iTunes Store or Google Playstore.
Step 2: Create an account on Paytm and select your bank account.
Step 3: After completing the registration, go to Passbook and check your wallet balance. After verifying the current balance in your Paytm wallet, you can begin the transfer right now.
Step 4: Choose the Paytm wallet from the drop-down menu.
Step 5: Choose the option to deposit funds into a bank account.
Step 6: Fill in your bank account information, including the account number, IFSC code, and other pertinent information.
Step 7: To begin the payment, select the Transfer option.
Step 8: Enter the amount to be transferred from your wallet to your bank account.
Step 9: Choose Transfer, and your funds will be transferred to your bank account safely and successfully.