Paytm, a digital payment and shopping platform allows users to instantly transfer money from their account or wallet to anyone. Paytm users can either transfer money from their wallet to anyone’s bank account or they can do a UPI-based transaction through BHIM UPI.
The amount of money that can be transferred with these methods is limited to Rs 10,000 per month, as per RBI’s guidelines. However, Paytm also allows users the option to transfer money by adding a beneficiary and this also increases the transfer limit from Rs 10,000 to Rs 10 lakh per month.
