How does Paytm debit card work?

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How does Paytm debit card work?

Paytm Payments Bank offers users the bonus of having a virtual debit card along with an option to order a physical debit card. The virtual debit card can be used to make online transactions anytime, whereas a physical debit card can be used to withdraw money at an ATM or use it at POS.

Where can I use Paytm debit card?

Withdraw cash from any ATM.

  • Swipe your card at any store or website across india.
  • Free Insurance cover of up to ₹2,00,000.
  • Cashback at 200+ stores across India.
  • Complimentary airport lounge access.
  • Scan QR code to activate card, change PIN or block/unblock card Show QR code to accept money.

    • What is debit limit in Paytm?

    What is the maximum amount I can withdraw from my Debit & ATM Card? The cumulative daily cash withdrawal limit at ATMs (& Micro-ATMs) set by Paytm Bank is ₹25,000/- subject to limits set by other banks. Daily limit for Micro-ATM cash withdrawal transactions is ₹5,000, subject to limits set by other banks.

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    Does Paytm need ATM?

    One Paytm wallet and multiple transactions! This is how the Paytm digital wallet works. It allows active Paytm users to complete multiple transactions online, offline, at POS and more.

    Can I swipe Paytm debit card?

    Your Paytm Payments Bank Savings Account comes with a digital debit card that you can use to make payments on all online platforms where debit cards are accepted. You have the option to order the physical card which can be used to withdraw cash from ATMs and to shop at most stores across India.

    Is Paytm same as PayPal?

    PayPal has accused Paytm of using the same color as its logo. The first syllable of both the company names is “pay”, which PayPal fears will confuse and delude customers. PayPal does not want its customers to be confused, as people tend to recognize the first syllable more than the second one.

    Does Paytm charge extra per transaction from a bank?

    which is supported by SoftBank and the Alibaba Group and a leader in the segment, hasn’t been charging anything extra for payments made through its platform and has been absorbing the charge.

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    Can we pay credit card bill from Paytm?

    Yes, you can pay your credit card bill using Paytm, but however not directly for all banks. Paytm is an e-wallet that facilitates bill payment, recharge, online shopping, ticket booking, bank transactions etc. There is an exclusive option for paying credit card bill in the online Paytm portal.

    How to create Paytm Payment Bank account?

    How To Create A Paytm Bank Account Download the latest version of the paytm App and login or signup Click on savings bank account icon Read the T&Cs and click on Proceed.Then enter your password for confirming Add nominee details if you need or skip that option If you are added your KYC information like Aadhar and PAN, then the paytm bank account will be created with in minutes