Paytm is an E-wallet that is widely used all over India for electronic payments. Integrating your bank account with Paytm helps in instant UPI money transfers. While this mode of payments saves time and effort, it may not be that safe.
Launch the Paytm application: Firstly on your android device, you will see a white logo with paytm. Tap on “ Deactivate your Merchant Account.”. Tap on “Deactivate my account.”. Finally, on the Payment Sources & Charges page, tap on Deactivate Account. You would get a notification saying that you’re request is under processing, and it would take up to two business days to process it.
In the article, we will see how to remove Bank account from Paytm. The steps mentioned below will work for both Android and iOS device.
Paytm provides a feature where you can link your Bank account to Paytm account. You can securely check your account balance or transfer money to your friends and family via your Bank account using Paytm.
As there are lesser layers of security when compared to using the banking App, there is a bit of risk in adding your Bank account to Paytm. Also, there is a high possibility that the person hacks into Paytm and misuse the app for his benefits.
With all the security in place, no one can guarantee that theft will not happen. So if you are still looking for how to remove your bank account from Paytm, then continue reading.
Paytm now does claim that they have launched an App password feature, which will ensure that the money in your Paytm wallet is safe even if you lose or misplace your phone. Paytm also is PCI DSS compliant, which means that it is highly secure, and it does not store customer sensitive information.
How to Remove Bank Account from Paytm Easily
The Paytm app is available for both iOS and Android devices on the iOS App Store and Google Play Store, respectively.
Your bank account will add under the UPI section of Paytm. While the UPI mode of payment is secure, it also comes with its fair share of problems. By deleting your bank account, you will also deregister your UPI profile from Paytm.
Before we move on to the steps, there is one point to be noted. If you have two bank accounts linked to Paytm, you will be able to delete one of those two. If there is only one bank account linked and you try to delete it, you will get an error message like “Primary Bank Account for UPI ID cannot be deleted.” If you get this alert, as shown in the screenshot below, you will have to deregister your UPI profile to delete the bank account.
Let’s take a look at How to Remove Bank Account from Paytm on iOS or Android devices via two different methods.
The steps to remove your primary bank account from Paytm will be the same irrespective of whether you use an Android or iOS device. The below steps will guide you through the process.
Steps to remove Bank account from Paytm App – Method 1
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Follow below steps on How to Remove Bank Account from Paytm:
- Log in to the Paytm application on your iOS device.
- Tap on UPI Money Transfer that appears on the top of the page.
- Tap on the settings icon at the top of the page.
- The Money Transfer Setting page will open up, Under “Default bank account to receive or send money” you will see a list of linked bank accounts. The page will appear similar to the screenshot below.
- Select the account that you want to delete. Tap on Remove Account.
- You will see a pop-up to confirm if you want to delete this bank account. Tap on Confirm.
If you get an alert, “Primary Bank Account for UPI ID cannot be deleted.” Tap on the three dots at the top of the page, then Tap on Deregister UPI Profile. After you deregister the profile, you will be able to delete the bank account.
Steps to remove Bank account from Paytm App – Method 2
- Log in to the Paytm application on your iOS device.
- Tap on the profile icon at the top left corner of the app.
- Tap on settings.
- Tap on Manage cards and bank accounts for making payments.
- Tap on the account that you want to remove.
- Tap on Remove Account.
In Conclusion
I hope you got the right guide on how to remove a bank account from Paytm. If you are stuck in any of the steps, leave a comment in the section below, we will help you.
Note that removing or unlinking your bank account from the Paytm application will also remove the UPI payment methods. You will no longer be able to make UPI payments.
If you still have issues while removing your Bank Account from Paytm you can contact Paytm Customer Support for further related queries.
We cannot say if the decision to remove the bank account from Paytm is the right decision or not. It’s more of a personal preference. Some people prefer to keep their accounts not linked to anywhere to maintain security and avoid threats. Whatever you’re decision is, it’s the right one for you.
Thanks for reading.
Paytm is the best payment app in incredible India nowadays. We can say that a battle can be held when it is the matter of payment solution between Paytma and international widely popular platforms including Alipay, Paypal etc. It has the highest number of users as well as transactions performed. But opinion differs from one person to another, isn’t it? So, one needs to delete paytm account permanently as he might have the worst experience in a certain way. But before having juicy fruits in our mouth, let’s plant a root first 😉
What is Paytm?
Founded in 2010 by Vijay Shekhar Sharma, Paytm is an Indian e-commerce payment system and digital wallet company.
With furthermore development, Paytm is available in 10 Indian languages and offers online use-cases like mobile recharges, utility bill payments, travel, movies, and events bookings as well as in-store payments at grocery stores, fruits and vegetable shops, restaurants, parking, tolls, pharmacies and education institutions with the Paytm QR code.
Upon “in-principle” approval granted by Reserve Bank of India, Paytm has launched Paytm Payments Bank in August 2017 with the aim to bring banking and financial services access to half-a-billion un-served and under-served Indians. These were the roots, let we move towards juicy fruits – test it entirely.
How to delete Paytm account permanently?
Earlier in 2017, there was no way for deleting paytm account. But with the update of Paytm app and queries of users leading nowhere, we have got a solution from Paytm itself. There can be multiple ways for deletion of paytm account, such three ways are described here completely.
#1 Delete Paytm Account Using Paytm Website
Stepwise guide for deleting Paytm account forever:
Step 1: Head over to Paytm Website.
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Step 2: Login to your existing account.
Step 3: Navigate to 24×7 Help from here.
Step 4: Select My Account > I need to permanently close/delete my account from the appearing screen.
Step 5: Choose a suitable option and it will lead you to Our Suggestion page which needs to read carefully.
Step 6: Tap on Message Us and you will be redirected to create a ticket regarding closing your Paytm account. Describe your reason tap on Submit Your Query.
That’s it, you will get a mail concerning deletion of your account.
#2 Close Paytm Account Using Paytm App
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Stepwise guide for deleting Paytm account permanently:
Step 1: Head over to Paytm App.
Step 2: Login to your existing account.
Step 3: Move to your Profile section and choose 24×7 Help.
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Step 4: Tap on Managing my Paytm Account > I want to permanently close/delete my account from the appearing screen.
Step 5: Choose an appropriate option from the given set and click on Message Us.
Step 6: Describe your proper reason with an image if necessary and you will be hearing from them about conformation.
#3 Delete Paytm Account by Sending Mail
If you don’t want a mess with app or website, you can simply adopt this method. Under this way, you just need to send a mail to [email protected] with a reason behind closing your Paytm account. You need to include your register mobile number, email id in this mail. Have a look at the example below.
Hi there!
I am TechExpandable. I was using PayTM account on my number that was in use from quite a long time. But due to the permanent change of mobile number, I wanted to delete this account. I have used Paytm Cash and need to close this account permanently as soon as possible so that I can open a new account on my new number and submit KYC. Paytm account with details are provided below along with screenshot.
Registered Mobile: +9198247XXXXX
Registered Email: [email protected]
Ownership Screenshot is attached.
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Thanks.
Wrapping up,
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This was a pretty much clear explanation for closing paytm account. You can easily delete paytm account using any of the methods. Keep in mind, you will get a confirmation mail from paytm and you need to confirm that in order to close paytm account. Stay tuned for such guides. 🙂