Loading money into Paytm
Add money to wallet – Nil
*w.e.f. 1st Jan 2020;
Loading money into Paytm via Credit Card:
- Transactions less than INR 10,000 per month – NIL
- Transactions greater than INR 10,000 per month – 1.75% + GST
In case the total add money added by Credit card including current transaction exceeds INR 10,000, the entire transaction amount will be charged as 1.75% + GST
Example,
Case 1:
If the 1st transaction of add money to wallet in a calendar month is of INR 12,000/-, a fee is charged on entire the INR 12,000/-.
That is, you will be charged INR 240/- extra. So total deduction shall be of INR 12,240/- and the amount added to your wallet shall be INR 12,000/-.
All subsequent transactions shall be charged accordingly.
Case 2:
Multiple transactions of add money with a cumulative amount lower than INR 10,000/-
For example, 1st transaction of INR 1,000/-, 2nd transaction of INR 2,000/-. Neither of the two transactions is charged.
The cumulative money added in the calendar month is INR 3,000. Therefore, any transaction up to INR 7,000/- will not be charged. However, if you initiate a transaction of INR 7,001/- the entire amount of INR 7,001/- shall be charged. All subsequent transactions shall be charged too.
Case 3:
Multiple transactions of add money with a cumulative amount lower than INR 10,000/-. For example, 1st transaction of INR 1,000/- 2nd transaction of INR 2,000/- 3rd transaction of INR 3,000/- and 4th transaction of INR 4,000/-. Neither of the four transactions is charged as the cumulative amount added is below INR 10,000/-. All subsequent transactions shall be charged.
