Learn everything you need to know about fund transfers! :- www.deekpay.com

With the advancement in digital technology and banking institutions like Paytm Payments Bank, you can now easily transfer money online to another bank account in a matter of minutes.Paytm Payments Bank offers safe and smooth online fund transfer services and transferring money from your Paytm Payments Bank account is completely free of cost! However, there are some important things you must keep in mind before and during initiating an online fund transfer.

**How to transfer money from Paytm Payments bank account? **

Simply transfer money to anyone by entering the other person's mobile phone number or selecting a contact from your phone's address book. Here are the simple steps to transfer money:

1. Open the Paytm app and click on the "Bank" option on the home page.

2. Enter your Paytm Payment Bank "Password".

3. Click on the "Send funds to anyone" icon at the top.

4. Enter the new payee's mobile phone number or select a contact from the address book, or enter the UPI ID, or enter the account number and IFSC code.

5. Enter the amount you wish to transfer and click on "Pay". You can transfer up to Rs. 100,000 at a time at no extra cost.

Our automated system selects the most appropriate transfer method for you, eliminating the need for you to choose between IMPS, NEFT and UPI. All you need to do is select the payee and the amount and we'll take care of the rest for you.

**What precautions need to be taken when transferring money? **

Here are some of the most important precautions to take:

- Check payee details: Before transferring money to another bank account, double-check all the details of the payee, such as bank account number, UPI ID, etc., to make sure that you are transferring the money to the right account.

- Avoid using public Wi-Fi: To transfer money securely from the Paytm app to another bank account, avoid using public Wi-Fi. as public connections are not secure and can be exploited by fraudsters.

- Enable SMS Alerts: Enable SMS Alerts through the Settings option in the Paytm app to receive all debit/credit messages. In addition, push notifications will help you keep track of transactions.

**What if the recipient does not receive the funds? **

Our system ensures that you will not encounter any problems during the transfer process. If the recipient does not receive the funds, please follow the steps below:

- Check that you have received a confirmation message about the successful transfer of funds.

- Check the recipient's account details, such as bank account number or UPI ID, to make sure you've sent the payment to the right person.

- Visit the Book of Accounts section to check if the transaction amount has been refunded to your bank account.

If the issue remains unresolved, you can raise a query regarding the transaction through the 'Need Help' section of the Paytm app.

**What if funds are transferred to the wrong payee? **

At Paytm, we endeavour to provide you with a seamless digital payment system. While transferring money to a friend or family member, it is your responsibility to enter the correct payee details and check them carefully.

Paytm cannot claim or revoke funds once they have been transferred to a particular person. Various regulatory bodies have made it clear that no one can claim or revoke such funds and that only the account owner can give consent to their bank to withdraw these funds. We strongly advise you to carefully re-read the payee's information and confirm that it is correct before making the transfer, whichever transfer method you choose.

If you have transferred funds to another person in error in any of the ways mentioned above, you are advised to contact that person directly and request a refund of the funds. If you are unable to communicate with the recipient, you should contact Paytm via the 24-hour help service or go to the 'Book of Accounts' section of the Paytm app and tap on 'Wallet' to make a wallet-to-wallet or wallet-to-bank transaction. Select the unexpected transaction and click on "Need help?" at the bottom of the screen. at the bottom of the screen.

For transfers from Paytm Payments Bank account to another bank account, click on "Paytm Bank Savings Account". Enter your password, select the unexpected IMPS/NEFT transaction and click on "Need Help?" at the bottom of the screen. at the bottom of the screen.

Millions of transfers are made every day through the PPBL system in a fully automated manner, and Paytm Payments Bank takes all the necessary steps to ensure your safety when transferring funds to another bank account. However, if you are transferring a large amount of money to a new payee, please ensure that you make a small 'test' transfer first to confirm that the correct payee has received the funds.

Stay tuned for more updates!