Paytm BHIM Unified Payments Interface

Paytm BHIM UPI

Paytm, the most popular digital wallet in India, has now integrated with the BHIM UPI platform. Users will be able to create their own Paytm BHIM UPI ID through the app and link their savings bank account to send and receive money. Most banks and BHIM UPI apps accept Paytm BHIM UPI ID for easy, fast and instant money transfer on 24/7 basis and on all 365 days in a year. There is no need to provide banks details such as account number or IFSC code to send or collect money through this app. Also, there is no waiting time for adding a payee/beneficiary.

All Paytm merchants will now be able to link their bank accounts and receive payments. Customers can send as much as Rs.1 lakh through the app and there is no upper limit on how much a user can receive. The Paytm BHIM app can be downloaded from Google Play Store on all Android phones. The facility is likely to be rolled out to iOS phones in the near future. UPI is likely to make transactions simple and hassle-free for both consumers and merchants.

Customers need not recharge their Paytm wallet henceforth because money will be directly debited from the savings bank account that is linked through UPI on the app in a safe and secure manner. Also, there are no transaction fees and money can be sent and received free of charge.

How to use BHIM UPI on Paytm

The first step is to download or upgrade to the most recent version of the Paytm app. The following is the step-by-step process to activate BHIM UPI on Paytm and add a bank account:

Step 1: Login to the Paytm app

Step 2: Go to the home screen and click on BHIM UPI

Step 3: Choose a bank account and wait for the bank to verify the account and mobile number details with the Paytm account

Step 4: Post bank account verification, proceed to set up UPI ID and pin

How to Set up Paytm BHIM UPI ID and PIN

Step 1: Login to the Paytm app

Step 2: Link your bank account by clicking on BHIM UPI (Follow the steps above)

Step 3: Proceed to set a UPI PIN after the bank account has been verified

Step 4: If you have not used UPI before, the UPI ID is created at this point of time and linked to the bank account

Step 5: Generally the UPI ID will be in this format: yournumber@paytm. Once this is created the UPI QR code will also be generated.

How to Send Money Using Paytm BHIM UPI

Step 1: Login to the Paytm app

Step 2: Click on the ‘BHIM UPI’ option on the home screen

Step 3: Choose the ‘Send Money’ option

Step 4: Key in the UPI ID of the payee/beneficiary and enter the amount of money you want to send

Step 5: The last step is to authenticate the transaction with a UPI PIN and confirm the payment.

How to Collect Money Using Paytm BHIM UPI

Step 1: Login to the Paytm app

Step 2: Tap the ‘BHIM UPI’ option on the home screen

Step 3: Choose the ‘Request Money’ option

Step 4: Key in the UPI ID of the sender to raise the request for money

Step 5: There is also an option to set up the expiry date within in which the money has to be sent. The sender can either approve or decline the request.

How to Approve or Decline a Collect Request on Paytm BHIM UPI

Step 1: Login to the Paytm app

Step 2: Go to the ‘Pending Requests’ section that comes under ‘BHIM UPI’

Step 3: All requests made will be displayed here for approval

Step 4: To approve or decline a transaction it is a must to enter UPI PIN

How to Pay a Merchant Online Using Paytm BHIM UPI

Payments can be made for online purchases to merchants who accept UPI on Paytm. Below is the stepwise process to pay a merchant online using this app:

Step 1: Key in the UPI ID on the website

Step 2: A payment notification will be sent to the app

Step 3: Click on the notification and approve payment request by providing the pin

Check IFSC Code for Top Banks:

FAQ's on Paytm BHIM UPI

  1. How can a customer create a UPI address or a Virtual Payment Address (VPA) on the mobile application?

    Ans: The same will be created at the time of registration on the app.

  2. What should a user do if they can't find his/her bank listed on the app?

    Ans: In such a case, it means that the bank is not supported by UPI and hence the user will not be able to link the bank account.

  3. Why am I not able to link my bank account?

    Ans: This is usually the case if the mobile number is not linked to the bank account of the customer.

  4. Is it possible to link multiple bank accounts?

    Ans: Yes. A user will be able to link any number of bank accounts.

  5. Is it possible to link Paytm wallet to UPI?

    Ans: No. This will not be possible.

  6. Is there a difference between Paytm password and UPI PIN?

    Ans: Yes. A Paytm password will only help a user login to the application, while a UPI PIN is used to pay for all transactions in Paytm Bank.

  7. Is it possible to reset UPI PIN? If so, how?

    Ans: Yes. This is possible. To do so, click on ‘Setup UPI Pin’ and make the required edit.

  8. Can a user change his/her default banks account?

    Ans: Yes. This can be done on the app.

  9. In case I receive money through my UPI address, where will it be credited?

    Ans: It will be credited to the default bank account of the customer.

  10. What is the maximum time limit for setting an expiry date when making a collect request?

  11. Ans: The upper limit is 45 days when raising a request to collect money using the app.

Other IFSC Related Article

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Read Paytm BHIM UPI news or Enjoy it on the go Google Play

  • Now, Transfer Funds for Free Using Paytm

    All Paytm customers will have the privilege of opening zero balance accounts from now. Apart from this, there will be no charges for all online transactions using this app.

    The main objective behind this move is to encourage more cashless transactions in the country. From henceforth, there will be no minimum balance requirement and all customers can maintain a zero-balance and a zero-fee Paytm account.

    All fund transfers can be initiated using Paytm through UPI, NEFT, IMPS and RTGS without any charges. There is no need to provide IFSC code or bank account number to transfer funds through UPI.

    8th January 2017

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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