Quick Answer: Why Paytm Wallet Is Not Working?

How can I activate my Paytm wallet?

Here is how to activate the Paytm wallet via the web:First of all Visit Paytm.com.Now click on ‘Login/Sign Up’ on the top-right corner of the page.Then click on ‘Sign Up’.Now enter your mobile number, email address, and password.Click on ‘Create your Paytm Wallet’.Now enter the OTP.More items…•.

Why my Paytm is not working?

Some apps take precautions and warn the user of possible fraud or spam before being used, and then there’s Paytm. … This means the apps have been blocked and if they are installed on your smartphone, then it will not work. This was first reported by PiunikaWeb and Android Police.

Why Paytm bank is not working?

The Reserve Bank of India (RBI), in one of rare instances, has disclosed the reason for blocking Paytm’s payments banking business. … The Noida-headquartered firm has violated know-your-customer (KYC) rules while on-boarding users, TOI reported citing RBI’s response to an RTI filed by the newspaper.

Is Paytm wallet safe?

Completely. Paytm is PCI DSS compliant in terms of security. We never store customer’s CVV number to ensure their Credit and Debit Card details are completely safe. All financial transactions on Paytm are done with 128-bit encryption SSL security.

How can I get cash from Paytm wallet?

Follow these simple steps to transfer your money from Paytm to your bank account1Open the Paytm app & Tap on ‘Passbook’2Select ‘Paytm Wallet’3Select ‘Send Money To Bank’4Tap ‘Transfer’5Enter the amount & bank details.6Confirm the transfer.7Its done! Money transferred successfully.

How can I add more than 10000 in Paytm wallet?

Add above ₹10,000 in your Paytm wallet via credit card and pay extra chargesCustomers can add up to ₹10,000 from their credit card free of cost.Customers can use other payment options such as UPI or debit cards to add money to their wallets to avoid charges and levy of GST.

What is wallet in Paytm?

Paytm Wallet, as mentioned above, is the digital payment instrument where you can transfer money from your bank account or credit card to use for transactions on the platform. You need to set up an account using your mobile phone number and email ID to setup a Paytm account and transfer cash to the wallet.

Why I Cannot use Paytm wallet?

In case, any one of the parties have not completed their KYC, the transaction would not happen. Despite having completed the KYC process, to send an amount higher than Rs. 10,000, you will need to add the receiver as a beneficiary through your Paytm app.

What is the Paytm wallet limit?

Rs. 10,000Paytm wallet has a basic monthly limit set by RBI. This means you cannot keep or spend more than Rs. 10,000 in your wallet in a month. To upgrade your limit to Rs.

Is it necessary to activate Paytm wallet?

A. You are not required to open an account with Paytm Payments Bank to use the wallet.

What is Paytm wallet number?

1 : Open Paytm app and tap on top 3 lines. 2 : Click on your profile. 3 : Tap on update phone number. 4 : Here you can see your mobile number which is registered in PaytM.

Does Paytm wallet money expire?

Minimum KYC allows you partial access to benefits of Paytm Wallet. As per RBI guidelines, you to need do complete Minimum KYC to activate your wallet and it is valid for 24 months only. To get complete benefits of wallet and to continue usage beyond 24 months, you need to complete your Full KYC.