Exciting Update: Paytm users can now link their bank accounts to create new UPI IDs directly through the Paytm app, thanks to a recent approval from the National Payments Corporation of India (NPCI) granted on October 22. Paytm has partnered with SBI, HDFC Bank, Axis Bank, and Yes Bank to facilitate this feature.
Steps to Set Up Your Paytm UPI ID:
- Enter Mobile Number: Open the Paytm app and input your registered mobile number.
- Verify OTP: Verify with the OTP received.
- Link Bank Account: Select the bank account you’d like to connect.
- Choose Primary Account: Set your preferred bank account for transactions.
- Activate UPI ID: Your new UPI ID is set up! It will include the suffix: @pthdfc, @ptaxis, @ptsbi, or @ptyes, based on your chosen bank.
Additional Features
- Peer-to-Peer Payments: Easily send money to friends and family.
- Merchant Transactions: Pay directly to merchants.
- UPI Lite for Small Payments: Ideal for transactions under ₹2,000.
- RuPay Credit Card Linking & Auto-Pay: Simplify payments and set up recurring transactions.
- Balance Checks & Easy Transfers: Check account balances and transfer funds seamlessly.
This setup ensures that you can handle everything from small transactions to recurring payments in one app, making your experience with Paytm more streamlined and efficient!