HomeENGLISH ARTICLEHow to Add Bank Account in Paytm: A Step-by-Step Guide

How to Add Bank Account in Paytm: A Step-by-Step Guide

In today’s digital age, mobile payment platforms have revolutionized the way we handle our finances. Paytm, a leading player in this field, has emerged as a convenient and secure option for digital transactions. With its wide range of services, Paytm offers a plethora of benefits, and one of the fundamental steps to unlock its full potential is adding a bank account to your Paytm wallet. In this article, you will learn entire process about how to add bank account in Paytm, also may learn what are the common issues may face and get tips for secure banking on Paytm.

What is Paytm?

Paytm, short for “Pay Through Mobile,” is an Indian mobile payment and financial services platform. Founded in 2010 by Vijay Shekhar Sharma, Paytm has evolved into a versatile digital wallet that allows users to make payments, recharge mobiles and DTH services, book tickets, shop online, and even invest in mutual funds and stocks, among other features. With over 350 million registered users, Paytm has become an integral part of India’s digital economy.

Also Read : How to Add Bank Account in PhonePe: A Step-by-Step Guide

Importance of Paytm in Digital transactions

The rise of Paytm is closely linked to the digital transformation of India’s economy. It has played a pivotal role in promoting cashless transactions and financial inclusion. Here’s why Paytm is so crucial in the realm of digital transactions:

  • Convenience: Paytm eliminates the need for carrying physical cash, making it easy for users to make payments and transfers on the go.
  • Versatility: From mobile recharges to utility bill payments, Paytm offers a wide range of services under one roof, simplifying financial management.
  • Security: Paytm employs robust security measures to protect users’ financial information, reducing the risk of fraud and theft.
  • Financial Inclusion: Paytm has brought millions of unbanked or underbanked individuals into the formal financial system, fostering economic growth and empowerment.

Also Read : How to Add Bank Account in Google Pay

Why Link a Bank Account to Paytm?

Linking your bank account to Paytm enhances your overall user experience and enables you to maximize the platform’s potential. Here are some compelling reasons to do so:

  • Seamless Transactions: Linking your bank account allows for quick and hassle-free fund transfers and payments.
  • Online Shopping: With a linked bank account, you can shop online, pay for groceries, and order food without the need for a physical debit or credit card.
  • Access to Financial Services: It opens doors to financial services like fixed deposits, mutual funds, and stock investments, helping you grow your wealth.
  • Cashback and Offers: Many cashback offers and discounts are available exclusively for bank-linked Paytm users, saving you money on your transactions.

Also Read : What is Debugging? Understanding the Essential Process in Software Development

Prerequisites for Adding a Bank Account in Paytm

Before you can add a bank account to your Paytm wallet, there are some prerequisites you need to ensure:

  • Paytm Account: You must have a registered Paytm account. If not, download the Paytm app and sign up for an account.
  • Mobile App: Make sure you have the Paytm mobile app installed on your smartphone.
  • Bank Details: Have your bank account number and the IFSC (Indian Financial System Code) of your bank branch handy.

Also Read : What is End-to-End Encryption and How does it Work

How to Add Bank Account in Paytm?

Now that you’ve gathered the prerequisites, let’s delve into the step-by-step process of adding a bank account to your Paytm wallet.

Step 1: Open the Paytm App

Begin by opening the Paytm app on your smartphone. If you haven’t already logged in, do so using your mobile number and password or OTP.

Step 2: Access the Profile Section

Once you’re logged in, locate the “Profile” icon at the bottom of the app’s screen and tap on it. This will take you to your profile settings.

Step 3: Select “Add Bank Account”

In your profile settings, you’ll find an option labeled “Add Bank Account.” Tap on this option to initiate the bank linking process.

Step 4: Enter Your Bank Details

You’ll now be prompted to enter your bank’s name and branch. Provide accurate information to ensure a smooth linking process. Additionally, enter your account number and the IFSC code of your bank branch. Double-check these details for accuracy.

Step 5: Verification and Confirmation

Before proceeding, review the information you’ve entered for any errors or discrepancies. If everything looks correct, tap on the “Submit” or “Proceed” button to move forward.

Step 6: OTP Verification

To verify your bank account, Paytm will send an OTP (One-Time Password) to your registered mobile number. Enter this OTP in the designated field to confirm your bank account.

Step 7: Confirmation

Upon successful verification, your bank account will be linked to your Paytm wallet. You’ll receive a confirmation message confirming the same.

Step 8: Setting as Primary Account (optional)

If you have multiple bank accounts linked to Paytm, you can choose to set one as your primary account. This will be the default account for your transactions unless specified otherwise.

Also Read : 

Common Issues May Face During Adding Bank Account in Paytm

While adding a bank account to Paytm is generally straightforward, you may encounter some common issues:

  • Incorrect Details: Typing errors in your bank details can lead to failed linking attempts. Always double-check the information you provide.
  • Network Issues: Poor internet connectivity can hinder the verification process. Ensure you have a stable internet connection.
  • OTP Delays: Sometimes, OTPs may be delayed due to network congestion. Be patient and wait for the OTP to arrive.
  • Blocked Accounts: If your Paytm account is temporarily blocked or restricted, you won’t be able to link a bank account until the issue is resolved.

Also Read : How to Wrap Text in Google Sheets

Tips for Secure Banking on Paytm

Ensuring the security of your Paytm account is paramount. Here are some tips to help you bank securely on Paytm:

  • Enable Two-Factor Authentication (2FA): Activate 2FA for an extra layer of security. This typically involves receiving an OTP on your registered mobile number for certain transactions.
  • Regular App Updates: Keep your Paytm app up to date to benefit from the latest security patches and features.
  • Beware of Phishing: Be cautious of phishing attempts and fraudulent messages. Paytm will never ask for sensitive information like your password via email or SMS.
  • Monitor Transactions: Regularly review your transaction history to detect any unauthorized activity. Report any suspicious transactions to Paytm immediately.


Adding a bank account to your Paytm wallet is a simple yet significant step toward enjoying a seamless digital payment experience. With the convenience and security that Paytm offers, you can confidently manage your finances, make payments, and explore a world of online services.

Also Read : How to make money with Python programming


  1. Is Paytm safe for linking my bank account?

    Yes, Paytm employs robust security measures to protect your financial information. However, it’s essential to follow best practices like enabling 2FA and being vigilant against phishing attempts.

  2. Can I link multiple bank accounts to Paytm?

    Yes, you can link multiple bank accounts to Paytm. You have the option to select a primary bank account for your transactions, but you can switch between linked accounts as needed for different transactions.

  3. How long does it take to link a bank account to Paytm?

    The process is usually quick, taking only a few minutes. However, verification may vary based on your bank and network conditions.

  4. Can I change my primary bank account in Paytm after linking it?

    Yes, you can change your primary bank account in Paytm at any time by going to your profile settings and selecting the desired account as primary.

  5. Is it necessary to have a Paytm account to link a bank account?

    Yes, you must have a registered Paytm account before you can link a bank account to it.

पोस्ट अच्छा लगा तो इसे अपने दोस्तों के साथ शेयर करे ताकी उन्हें भी इस बारे में जानकारी प्राप्त हो सके ।

इस पोस्ट के लेखक सत्यजीत है, वह इस वेबसाइट का Founder भी हैं । उन्होंने Information Technology में स्नातक और Computer Application में मास्टर डिग्री प्राप्त की हैं ।


Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular