Paytm offers you a platform to pay or transfer money through different modes of payment. While money transfers from one bank account to another are free of cost, there is a 5% convenience fee for transferring money from your Paytm wallet to a bank account. This convenience fee is levied to cover the costs incurred by Paytm at the time of adding money to your Paytm wallet. Here’s all you should know:
When you add money to your wallet using a credit card, debit card or a bank account, Paytm pays a fee to the bank that holds your account while not charging anything from you.
In order to send money to your friends/relatives, we recommend you to use our free of cost (0% fee) bank to bank transfer feature.