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Paytm Money Fund Transfer Review, Charges, UPI or Net Banking, Fund withdrawal

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Paytm Money Fund Transfer Review

Paytm Money offers a free fund transfer facility through a UPI payment gateway and the fund is instantly credited to your trading account. If you are a registered UPI user then you can add funds using UPI over the Paytm Money web and app platform. You can further add money through net banking, on which, payment gateway of Rs. 10 + GST will be applicable. The discount broker further facilitates free fund withdrawal services to withdraw money from your trading account and get it in your registered bank account within 24 hours. Check out the complete process on how to add funds to your Paytm Money Trading Account with and without UPI, fund transfer and withdrawal charges, timing, and more.

Paytm Money Fund Transfer through UPI

Paytm Money offers a simple, hassle-free, and quick fund transfer process through UPI that allows customers to add money instantly to their Demat Account over the Paytm Money App and Web platform.

Steps to add funds to Paytm Money Demat Account using UPI

  1. Login to the Paytm Money platform (App or web).
  2. Go to the “Account” tab that shows the available balance in your trading account.
  3. Enter the amount and tap on the “Add Funds” option.
  4. Select “UPI” as a fund transfer option and click on the “Proceed” button.
  5. Now, tap on the UPI app or enter the UPI ID and press on the “Make Payment” option.
  6. You will receive a fund transfer request on your UPI app.
  7. Accept the payment request and funds will be instantly added to your Paytm Money Account.

Paytm Money Fund Transfer through Net Banking

If you’re not a registered UPI user then you can transfer funds using net banking option wherein money is added to your Paytm trading account through your net banking portal. Notably, you will be charged with payment gateway charges of Rs. 10+ applicable GST.

Steps to add funds in Upstox through Net banking

  • Login to the Paytm Money trading platform.
  • Once logged in, go to the “Add Funds” page.
  • Enter the amount and select “Net banking” as a mode of payment.
  • Once clicked, you will be redirected to your net banking page.
  • Enter your bank account login credentials and authorize the payment.
  • Upon successful approval, funds will be instantly added to your Paytm Money account.

Paytm Money Fund Transfer Charges

UPI Charges Free
Net Banking charges Rs. 10 + GST

Paytm Money Fund Transfer Timing

UPI Instant Fund Transfer
Net Banking Instant Fund Transfer

Paytm Money Fund Withdrawal

Customers can place fund withdrawal request over the Paytm Money app or web trading platform as per their choices and the money will be credited to the linked bank account. Check out the complete process;

Steps to withdraw funds from Paytm Money Trading Account

  1. Login to the Paytm Money Trading Account.
  2. Tap on the “Account” tab and select the “Manage fund” option.
  3. Click on the “Withdraw Money” option.
  4. The page will display the maximum withdrawal limit, enter the amount you want to withdraw under the limit, and click on the “submit”.
  5. Funds will be credited to your linked bank account within 24 Hours.

Paytm Money Fund Withdrawal Timing

  • If you have placed a fund withdrawal request on or before 4:30 PM on working days will be processed the same day and the money will be transferred to your registered bank account within 24 hours. However, withdrawal requests received after 4:30 or on weekends will be processed next working days.

Paytm Money Fund Withdrawal Charges

  • Zero, yes withdrawing money from Paytm Money Trading account is charged with no fees. The broker doesn’t charge any fee on fund transfers (deposit and withdrawal) from customers.

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FAQs

Customers can withdraw funds from their Paytm Money trading account under the maximum fund withdrawal limit. For instance, if you have sold shares today then the funds received will be available for withdrawal only after 2 working days therefore, cannot be withdrawn before 2 working days. Similarly, if you have added money today then it will be available for withdrawal from the next working day.

 

All the withdrawal requests that are placed before 4:30 PM on any working day will be processed at the end of the day and funds will be credited to the registered bank account within 24 hours. Unlike it, requests placed after 4:30 PM or any non-working day will be processed next working day.

 

No, the broker only facilities UPI and net banking as two payment modes and does not accept credit cards to add funds to the trading account.

 

Paytm facilitates fund transfer through the following two modes of payments;

  1. Instant fund transfer through UPI for free.
  2. Add funds through your bank’s net banking portal at a payment gateway charge of Rs. 10 + GST.

 

UPI is the most convenient and hassle-free fund transfer process that allows users to add funds instantly to their trading account through UPI (BHIM, PhonePe, Google pay, etc.) over the Paytm Money mobile app or through the website. Here is the step by step process to add money to the Paytm trading account through UPI over the Paytm app

  1. Install the Paytm Money app.
  2. Login to your Paytm Trading Account.
  3. In the down-right side, click on the “Accounts” option.
  4. Enter the amount and then select the “UPI” option.
  5. Now, add the UPI ID registered with the same linked bank account with the Paytm Money Trading Account.
  6. Check the UPI app and authorize the fund transfer by entering 4 digits UPI PIN.

Once done, funds will be instantly reflected in your trading account and will be shown with a successful fund transfer confirmation notification.

 

In the following circumstances, money can be debited from your Paytm Money account but will not be updated in the trading account.

  1. If the status of the transaction from the bank is still pending then in such case, money will be either updated in your trading account late or credited back to your bank account.
  2. You have added funds from a different bank account that is not linked with the Paytm Money Demat Account, then money debited will be reverted back to your bank account.

 

Paytm Money account balance can be negative when your account does not have enough balance for brokerage charges, platform fees, depository charges, and delayed payment charges. Further, if your open positions had mark-to-market losses then your trading balance can show a negative balance.

 

Paytm Money trading balance shows the amount available to clients for trading and investment. The trading account balance is calculated as follows:

= Money transferred + Money received from holding sold – accrued brokerage charges

Here, accrued broking charges include platform charges, DP charges, and other broking charges.

 


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