Paytm

Q: What is Paytm?

A: Paytm is a digital payments and financial services company in India. It offers a variety of services, including mobile wallets, UPI, bill payments, recharges, money transfers, and financial services such as loans and insurance.

Q: How do I create a Paytm account?

A: You can create a Paytm account by downloading the Paytm app from the Google Play Store or App Store. Once you have downloaded the app, you can create an account by entering your mobile number and email address.

Q: What is Paytm Refer and Earn?

A: Paytm Refer and Earn is a program that allows you to earn cashback rewards by referring your friends and family to Paytm. For every friend who successfully signs up for Paytm using your referral link and completes their first UPI payment, you will earn a flat ₹100 cashback.

Q: How do I refer my friends to Paytm?

A: To refer your friends to Paytm, follow these steps:

• Open the Paytm app and tap on the "Refer & Earn" option.

• Tap on the "Invite" button and share your referral link with your friends via WhatsApp, Facebook, SMS, or email.

• Ask your friends to click on your referral link and sign up for Paytm.

• Once your friend has signed up for Paytm and completed their first UPI payment, you will earn a ₹100 cashback reward.

Q: How many friends can I refer?

A: You can refer a maximum of 20 new friends in a month and 100 new friends overall.

Q: What are the conditions for earning a referral bonus?

A: To earn a referral bonus, the following conditions must be met:

• Your friend must not have a bank account linked with Paytm UPI.

• Your friend must have clicked on your shared invite link before linking their bank account.

• Your friend must complete at least 1 UPI payment within 7 days after linking their bank account.

Q: When will I receive my referral bonus?

A: You will receive your referral bonus within 7 days after your friend has completed their first UPI payment.

Q: Where can I use my referral bonus?

A: You can use your referral bonus to pay for anything on Paytm, including mobile recharges, bill payments, shopping, and more.

Q: Can I refer my friends more than once?

A: No, you can only refer a friend to Paytm once.

Q: What if my friend is referred by multiple Paytm users?

A: If your friend is referred by multiple Paytm users, the referral bonus will be processed to the Paytm user whose shared invite link was clicked before linking the bank account with Paytm UPI.

Q: What if my friend does not complete their first UPI payment within 7 days after linking their bank account?

A: You will not earn a referral bonus if your friend does not complete their first UPI payment within 7 days after linking their bank account.

Q: What are some tips for referring my friends to Paytm?

A: Here are some tips for referring your friends to Paytm:

• Share your referral link with your friends on social media, WhatsApp, and other messaging platforms.

• Tell your friends about the benefits of using Paytm, such as cashback offers, discounts, and easy payment options.

• Offer to help your friends link their bank account and complete their first UPI payment.

  
  

  
  

By following these tips, you can easily refer more friends to Paytm and earn more cashback rewards.

Q: What is the difference between Paytm Wallet and UPI?

A: Paytm Wallet is a digital wallet that allows you to store money and make payments online and offline. UPI, or Unified Payments Interface, is a payment system that allows you to transfer money directly from your bank account to another person's bank account.

Q: How do I add money to my Paytm Wallet?

A: You can add money to your Paytm Wallet using a variety of methods, including debit card, credit card, net banking, UPI, and bank transfer.

Q: How do I make a payment with Paytm Wallet?

A: To make a payment with Paytm Wallet, you can scan the merchant's QR code or enter the merchant's Paytm number. You can also use Paytm Wallet to make payments online on websites and apps that accept Paytm.

Q: What is the maximum balance that I can have in my Paytm Wallet?

A: The maximum balance that you can have in your Paytm Wallet is ₹10 lakh.

Q: What are the benefits of using Paytm?

A: There are many benefits of using Paytm, including:

• Convenience: Paytm makes it easy to make payments online and offline without having to carry cash or cards.

• Security: Paytm uses the latest security technologies to protect your transactions.

• Rewards: Paytm offers a variety of rewards and cashback offers on its platform.

• Affordability: Paytm does not charge any transaction fees for most of its services.

Q: How do I complete my KYC on Paytm?

A: To complete your KYC on Paytm, you will need to submit your PAN card and Aadhaar card details. You can do this by visiting the "My KYC" section in the Paytm app.

Q: What are the benefits of completing my KYC on Paytm?

A: Completing your KYC on Paytm allows you to increase your wallet limit to ₹10 lakh and access a wider range of services, such as sending and receiving money using UPI.

Q: What are the different types of Paytm loans?

A: Paytm offers a variety of loans, including personal loans, business loans, education loans, and two-wheeler loans.

Q: How do I apply for a Paytm loan?

A: To apply for a Paytm loan, you can visit the "Loans" section in the Paytm app. You will need to submit your basic details and income proof. Paytm will then assess your eligibility and provide you with a loan offer.

Q: What are the interest rates on Paytm loans?

A: The interest rates on Paytm loans vary depending on the type of loan and your credit profile.

Q: How do I repay my Paytm loan?

A: You can repay your Paytm loan using your Paytm Wallet, UPI, or net banking.

Q: What is Paytm Payments Bank?

A: Paytm Payments Bank is a digital bank that offers a variety of services, including savings accounts, debit cards, and money transfers.

Q: How do I open a savings account with Paytm Payments Bank?

A: To open a savings account with Paytm Payments Bank, you can download the Paytm app and visit the "Payments Bank" section. You will need to submit your basic details and PAN card details.