Paytm introduced the Immediate Payment Service (IMPS) on its platform.
Which means Paytm users can now use their mobile wallets to transfer money into any bank accounts.
Paytm App announced plans to open about 50,000 retail outlets where over 25 million Paytm users will be able to load cash in their mobile wallets.
In order to avail the wallet to bank account transfer facility.
A paytm user has to be mobile or email verified and must be registered on the system for over 45 days. The balance in the Paytm wallet must be a minimum of Rs. 2,000 and the transaction amount must exceed Rs 1,000.
The daily upper limit for wallet to bank account transactions is Rs. 5,000.
Monthly limit is Rs. 25,000.
As you know paytm app already working in Recharge, Bill Payemant and E commerce Shopping and many more.
Paytm offer to many offers and discount and cashback offer for their user.
