Here’s how you can link multiple bank accounts to your Paytm account

Paytm empowers users to send up to Rs. 1 Lakh in a single transaction using the app. One can also send or receive money 24*7 including on bank holidays. According to current norms, the daily money transfer limit is pegged at Rs. 1 Lakh. But while receiving, users can also accept any amount of money flowing into their accounts because there are no limits on receiving funds.

The amounts are directly deducted from/ added to your bank account using UPI technology. Unlike traditional mobile wallets that take a specified amount of money from the user and store that money in their accounts, UPI withdraws and deposits funds directly from the bank account whenever a transaction is requested. Paytm also enables consumers by allowing them to experience the full potential of digital banking by instituting a policy of collecting no charges whatsoever. Currently, there are zero charges connected with either setting up an account with Paytm UPI or using Paytm UPI for money transfer to any other bank account or payments to merchants.

Follow these few simple steps to link your first bank account to Paytm :

Step 1 : Log in to your Paytm App

Step 2 : Click on the “UPI” button in the top blue ribbon on the homescreen

Step 3 :Upon clicking on the UPI button for the first time, the user will get an option to select a bank account

Step 4 : Once the user has selected a bank from the list, the application will try to fetch the details of the bank account linked to the registered Paytm number. If the application finds a bank account linked to the contact number, it will automatically link the user to the UPI ID.

Step 5 : If you already have a MPIN set-up, then your app page will show “4 digit UPI PIN exists”, else you can click on the “Set UPI PIN”.

Step 6 : Complete the process and make your first direct bank transfer using UPI.

If you have already added a bank account your Paytm, and want to further add other bank accounts :

Step 1 : Log into Paytm with your registered mobile number

Step 2 : Click on your profile picture on the top left corner of the homescreen

Step 3 : Click on “Default Bank Account”

Step 4 : Click on Add a new Bank Account on the bottom

Step 5 : Choose from the list of banks

Step 6: Once you have selected a bank from the list, the app will fetch the details of the bank account linked to the registered Paytm number.

Step 6 : Click one of the accounts and wait for few seconds till your account is linked

Step 7 : Now, you need to setup your secure 4-digit MPIN for transaction authentication.In case, if you already have MPIN set-up, then your app page will show 4 digit UPI PIN exists, if not then you can click on the Set UPI PIN option and easily set a new UPI PIN.

Step 8 : You can repeat above steps to link all your Bank accounts to Paytm