Add Money to Your Paytm Wallet From a Credit Card

Paytm is a digital payment application approved by the Reserve Bank of India. It allows you access to a mobile wallet specifically made for you. Furthermore, you can use this wallet to send money to merchants and friends alike. To carry out these transactions, you can transfer money into this wallet through a bank account, debit card, or even a credit card.

Here’s how you can link your credit card to your Paytm account:

1. Tap on your profile picture in the Paytm app 

2. Go to ‘UPI and Payment Settings’

3. Click on ‘Saved Cards’ and click on ‘Add New Card’

4. Accept a reimbursable debit of ₹2 for verification

5. Enter your details, click on save details, and then ‘Pay ₹2’

Now that you know how to add a credit card in Paytm, here are the steps you can follow to add money to your Paytm wallet using a credit card:

1. Open the Paytm app or website

2. Log in to your account

3. Go to your profile and select the wallet tab

4. Click on the ‘Add’ option

5. Choose ‘Credit Card’ as your payment option

6. Enter the amount you want to transfer and the required card details

7. Check the details and click on ‘Proceed’ to complete the transfer

It is that easy! With this simple process, you can add money to this digital wallet. Remember to add your credit card details to Paytm before transferring money. Also, keep in mind that there may be certain limitations for corporate credit cards.

Your limit to add money depends on your KYC status. When you meet the minimal KYC parameters, you are eligible to add up to ₹10,000 every month to your Paytm wallet. However, if you complete all the criteria set by the RBI, you can transfer up to ₹99,999. 

The basic criteria for KYC include the following details and documents:

• Your name

• Identity proof (Passport, Aadhaar Card, PAN Card, etc)

This online process can be completed within minutes. However, the only step that takes a little time is the visitation from a Paytm representative. An executive from Paytm will be sent to your home address for verification. Hence, the overall process takes a few days to complete. 

Knowing the applicable charges to add money to the Paytm wallet from a credit card is essential. Here is a closer look at different charges that may apply:

Disclaimer: The above charges are subject to change at the company’s discretion.

Now that you know how to add money to Paytm from a credit card, check out more details regarding credit solutions and other financial products on Bajaj Markets.

Disclaimer: As per RBI directives, post 15th March 2024, users won't be able to add money to their wallet using credit cards. It is recommended to visit the official website for further details.