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Add any beneficiary in no time !

  • Post published:January 21, 2021
  • Post category:Bank / Product

No More Waiting! Quickly Add a Beneficiary to Transfer Money in Seconds

New-age banking has completely revolutionized the way traditional banks work both online and offline. When digital transactions came into the picture, they not only started saving our time but also added convenience and flexibility to the whole process of sending and receiving money.

The only step that takes time while transferring money from your bank account to another is ‘adding a beneficiary’. Or, can we say that adding a beneficiary was the only step that was taking time?

Paytm Payments Bank has successfully eliminated this time consuming step and has become an amazing online platform that allows fastest money transactions.

Steps to Add a Beneficiary

To access the money transfer facility to quickly transfer money, you will have to follow the below mentioned steps on Paytm app:

Paytm app< Paytm Bank< Enter Passcode< Money Transfer


Step 1: Click on ‘Money Transfer’

Step 2: Either mention the payee’s name, mobile number or UPI ID if the payee has a UPI linked account or mention the account number and IFSC code directly.

Step 3: Once you add a beneficiary, you don’t need to wait any longer. Just enter the amount you wish to send to the payee

Step 4: Choose the bank a/c through which you wish to send money and click on ‘Pay’. Your transaction will be successful in a few seconds

Here’s Why You Should Send Money To a Beneficiary Through Paytm Payments Bank

  1. No more waiting: Unlike traditional banks, when you enter the details of a beneficiary on Paytm Payments Bank online, you don’t have to wait for half an hour before the beneficiary gets added to your list. Instead, you can transfer money immediately after adding his details like account number, name and IFSC code or phone number/ UPI ID if the beneficiary has a UPI linked account.
  2. Minimum steps, convenient banking: PPBL leaves no stone unturned to make money transfer simpler for you. In just 4 clicks, you can transfer money to your preferred beneficiary without any delay
  3. Transfer up to Rs. 10 lakh: You can transfer up to Rs. 10 lakh in a single go to your preferred beneficiary instantly
  4. No transaction failure: PPBL is a safe digital platform to make quick online payments without any failure or bounce back. As per the recent report by NPCI, PPBL has the highest success rate of 99.98% when it comes to online transactions

Amidst all the hustle and bustle, no one has the time to wait for 30 minutes or more while transferring a particular amount. Life is moving at a fast pace and so is Paytm Payments Bank to offer a seamless and quick banking experience to everyone. You can tremendously reduce the waiting time by opting for PPBL’s money transfer facility.