How To Link Bank Account With Paytm

Paytm Introduction

Paytm, short for Pay Through Mobile is a popular digital payments and financial services platform in India. It was founded in 2010 by Vijay Shekhar Sharma and has since grown to become one of the leading fintech companies in the country. Paytm offers a range of services, including mobile recharge, bill payments, online shopping, and financial products, such as a digital wallet and savings account.

Paytm Payments Bank

Paytm Payments Bank is a subsidiary of One97 Communications, the parent company of Paytm. It was launched in 2017 after receiving approval from the Reserve Bank of India (RBI). Paytm Payments Bank allows you to open a savings account with the convenience of digital banking.

Features of Paytm Payments Bank Account

Zero Balance Account

You can open a Paytm Payments Bank account with no minimum balance requirements.

Digital Banking

Access your account through the Paytm mobile app or website, making transactions and managing your finances convenient.

Debit Card

Upon opening an account, you will receive a digital debit card that you can use for online and offline transactions.

Interest on Savings

Paytm Payments Bank offers interest on your savings account balance.

UPI Transactions

You can link your Paytm Payments Bank account to the Unified Payments Interface (UPI) to make and receive payments easily.

Online Bill Payments

Paytm allows you to pay bills, recharge your mobile phone, and shop online using your Paytm Payments Bank account.

 How to Open a Paytm Payments Bank Account

Download the App

Start by downloading the Paytm app from your device’s app store.

KYC Process

To open a Paytm Payments Bank account, you’ll need to complete the Know Your Customer (KYC) process. This typically involves providing your Aadhaar card, PAN card, and a passport-sized photograph. Paytm may also require you to visit a nearby KYC center for in-person verification.

Account Activation

After completing the KYC process and submitting the necessary documents, your Paytm Payments Bank account will be activated.

Set Up PIN

You’ll need to set up a 4-digit PIN to access your account securely.

Deposit Money

You can add money to your Paytm Payments Bank account using various methods, such as debit cards, UPI, net banking, or by visiting a Paytm Payment Bank’s partner bank.

 Using Your Paytm Payments Bank Account

With your Paytm Payments Bank account, you can make payments, transfer money to other bank accounts, pay bills, shop online, and more, all through the Paytm app or website.

You can also manage and track your account balance, transactions, and savings within the app.

How To Link Bank Account With Paytm

Install the Paytm App

If you haven’t already, download and install the Paytm app from the Google Play Store (for Android) or the Apple App Store (for iOS).


Open the Paytm App

Launch the Paytm app on your mobile device.


Log In or Sign Up

If you already have a Paytm account, log in using your registered mobile number and password. If you are a new user, you will need to sign up and create a Paytm account.

Access the Bank Section

Once you are logged in, you’ll see various options on the app’s home screen. Look for an option like Bank or Payments Bank and tap on it.

Add a Bank Account:

  • Tap on “Add Bank Account” or a similar option.
  • You may be asked to grant permission for the app to access your device’s location, contacts, and SMS. This is for security and verification purposes.
  • Provide the necessary details, which may include your bank account number, IFSC code, and your name as it appears in your bank records.
  • After entering the required information, tap on the “Proceed” or “Add Account” button.


Paytm may send an OTP (One-Time Password) to your registered mobile number for verification. Enter this OTP when prompted.


If you are linking a bank account for UPI transactions, you will need to set up a UPI PIN. Follow the on-screen instructions to create a UPI PIN. This is typically a 4-6 digit number used to authorize UPI transactions.



Once your bank account is successfully linked, you will receive a confirmation message.

Make Transactions

You can now use your linked bank account to make various transactions through the Paytm app, including recharging your mobile, paying bills, sending money to contacts, and more.

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