One97 Communications Limited, that owns the brand Paytm has made “Bank Transfers” simple & faster than ever before. The app also features “May Payments” for frequent use cases at a customized level for every user.
Users can experience instant Bank Transfers from their Paytm Payments Bank account, Paytm Wallet or any other bank account to any bank account at 0% fee.
Here is how to transfer money from your bank to any bank account using Paytm:
Paytm has also introduced the “My Payments” feature to ensure its users are able to automate all regular payments. With My Payments, recurring expenses can be scheduled for a particular day of every month. Once My Payments are set, it will help ensure that all bills and expenses are taken care of well ahead of time.
Here is how to setup My Payments using Paytm
Paytm has rapidly evolved from being a wallet company to a full stack payments provider by offering multi-source and multi destination solutions. The platform is used by millions of users for instant bank transfers for House Rent, Maid’s Salary, Tuition Fee, or Newspaper/Milk vendor among others. The company has already achieved a run rate of 1 Billion transactions per quarter, making it the largest payments service provider in the country.