Latest news coming from Paytm wallet that All KYC merchants would be able to transfer money from Paytm to their bank account at 0% fee (till 31st December 2016).
Also note that there are no charges at all for sending money between Paytm Wallets. It continues to be free for all our users.
This change will be applicable for all Paytm wallets including the ones who have not completed the KYC formalities. Our non-KYC merchants & partners will also be able to avail this facility at a flat charge of 1%.
New Paytm customers have to wait 3 days before sending money to a bank account, however, if KYC formalities have been completed, then they can send money to any bank account immediately without any waiting period.
The minimum amount to send to the bank is Rs 100. 1% charge will be on the total amount being debited from the Paytm wallet.
This is the only limited period offer from Paytm.