How to transfer funds to and from your savings account: UPI Payments India

Experience safe and smooth online fund transfers up to Rs. 10 lakhs in a single transaction from your savings account anytime, anywhere at your fingertips. Below is an explanation of the fund transfer process for transactions up to Rs. 20,000 and above:

For transactions up to Rs. 20,000: Click on the 'Funds Transfer' icon in the Banking section of the Paytm App. Fill in the payee details or select the added payee from the list, enter the transfer amount, authorise the transaction with your password and you are all set! Next you will see the transaction confirmation page.

For transactions above Rs. 20,000: Click on the 'Funds Transfer' icon in the Banking section of the Paytm App. Fill in the payee details or select the added payee from the list, enter the amount to be transferred, you will see the approximate time required for the payee's bank, authorise the transaction with your PIN and you are done! Next you will see the transaction confirmation page.

Now that you know how to easily transfer funds from your Paytm Payments Bank account, there is no need to physically run to the bank and take advantage of digital banking to easily manage your fund transfers anytime, anywhere, all in just a few taps.

FAQ: The limit for payment bank accounts is Rs. 1 lakh. Then how do I transfer Rs. 100,000 in one go?

The limit of Rs. 10,000 is the limit on the end of day balance of the account. The account can hold unlimited amount during the day. At the end of each day, the amount in the account in excess of Rs. 10,000 is automatically transferred to a fixed deposit with our partner bank.

Earlier you could transfer a maximum of Rs 20,000 in a single transaction. Now we have increased the transfer limit to Rs. 10 lakhs.

Enjoy your banking services!

*This article was last updated on 28 August 2019