At present, look at any bank or ATM, you have to stand in a long queue to withdraw or send money.
But with one technique, you can send up to 10 lakh rupees online from one bank to another bank account sitting at home. Although earlier a large amount could not be transferred through online transactions, but now without wasting time you can send up to Rs 10 lakh and also from Paytm.
Paytm, a digital payment platform, now also offers this service where users can transfer money instantly from their accounts or wallets to anyone. Paytm users can either send money from their wallet to one’s bank account or they can do UPI-based transactions through BHIM UPI.
As per RBI instructions, the amount that can be transferred through these modes is limited to Rs 10,000 per month. However, Paytm also gives users the option to transfer money by adding beneficiary, due to which they can send 10 thousand to 10 lakh rupees per month.
In this way, if you also want to send a large amount sitting at home, then here below we have told the complete process how you can send 10 lakh rupees through Paytm.
How to add beneficiary and transfer money in Paytm
Step 1- First of all open Paytm app on your mobile and tap on ‘Send Money’ in your bank account .
Step 2- Now, tap on your profile icon in the top right corner.
Step 3- Now you have to scroll down and then tap on Saved Accounts & Beneficiary Details .
Step 4- After doing this, now you have to tap on Add New Beneficiary .
Step 5- After this now, select the bank account and enter the details like your bank account, bank holder name and IFSC code and click on the Add Benefit button below .
Step 6- Now that you have added a new beneficiary, you can simply select the beneficiary and transfer the money.
In this way, you can easily send up to Rs 10 lakh sitting at home using Paytm app and without standing in line.
