How to Activate Net Banking in Paytm

Key Takeaways
 

1. If you activate Net Banking in Paytm, your bank account (whichever bank) gets linked with the Paytm Net Banking network.
    
2. The services are offered 24*7. So, you can change the passwords, order a cheque book, and transfer the money wherever you want.
    
3. If you encounter any issues, you can visit the bank's website or contact customer support. 

The world is going global, and so is your banking system. No one likes to go to the bank for every small inconvenience, that is why you can activate Net Banking in Paytm and have access to various services while travelling, chilling or doing anything. In this blog, let’s see how you can activate and log in to your Net Banking account, and what to do if there are certain issues.

‘Bhaiya UPI kar doo?’ Who carries cash these days? Paytm UPI has made the monetary transaction system really convenient. It is so easy to use, and that is why activating net banking in Paytm is the right thing to do. Your bank account gets linked with the UPI number, and you can make payments whenever you want, order cheque books and more. If you face any issues, you can find the solution at the bank’s official website or call the customer support.

Do you know Paytm has reported supporting over 1.2 billion monthly transactions using its platform, including UPI, net banking, cards, etc?

Step-by-Step Guide to Activate Paytm Net Banking

There are two ways to activate net banking in Paytm. One is online registration, and the other is offline registration.

1. Visit the bank’s website in a browser or open its mobile app, then go to the section for net banking.

2. Look for the option to register, usually shown as “Apply Now” or “Activate Net Banking.”

3. Provide your details such as account number, customer ID, and other required information. Some banks may also ask for a temporary password or PIN.

4. Confirm your identity by completing the verification process. This may involve entering an OTP sent to your registered mobile number, a code sent to your email, or answering security questions.

5. Create your login credentials by choosing a username and setting a strong password.

6. Read and accept the bank’s terms and conditions for using net banking.

7. Submit your application. You will receive a confirmation message or email once your registration is processed.

8. After activation, log in with your new username and password. In some cases, you may be asked to change the password on your first login.

9. Explore the net banking platform and set up additional security features such as two-factor authentication, if available.

10. If you face any difficulties, contact your bank’s customer support team for assistance.

These steps are similar in most banks. However, others might ask for extra verification. You need to check the bank’s official website or directly contact the customer support. They will confirm the exact process involved. 

How to Log in for the First Time?

Once you have registered for net banking in Paytm, logging in is super easy. Just follow these steps:
 

1. Visit the Paytm Payments Bank net banking website.
    
2. The page, by default, gives a login option for corporate banking. However, you can change it to personal banking by clicking on the Login Personal Banking at the top right corner.
    
3. Add the username and password and check the checkbox.
    
4. Click on Sign in Securely.

That’s it! Now you can change the password, update your profile and confirm that your KYC details are correct. The services of net banking in Paytm are 24*7 available.
 

Common Issues During Activation and Solutions

If you are activating your Net Banking account for the first time, you might face some issues. Don’t worry! We got you. The table below states common issues faced and their solutions:

If you have still not found the solution to your problems, you can contact the customer care number and ask for help. You can call at +91-120- 4770770. 

Do you know Paytm encourages its users to give feedback and works hard to give prompt solutions to their problems? It also offers a separate help/guide for the merchants. 

Paytm Net Banking Services You Can Use

There are multiple things you can do after activating Net Banking in Paytm, and none of them require you to visit the bank. The services are:

1. Check account balance and view account statements
    
2. Transfer money using NEFT, RTGS or IMPS
    
3. Pay bills and recharge mobile numbers
    
4. Manage your Paytm virtual debit card
    
5. Access digital passbook and transaction history
    
6. Change password and manage beneficiaries for fund transfer.

If you are afraid of using net banking, don’t worry, just make sure you never share your OTPs, passwords, PINs and other credentials with anyone. It is safe if you are a little vigilant about it.

Conclusion

Net banking in Paytm links your bank account to your Paytm app. Just like UPI, you can use other banking services. The network offers security, 24/7 access to essential services and more. You might face some issues while activating the account; however, you can always contact the customer support for a solution. 

Frequently Asked Questions

1. Can I use net banking in Paytm for international transactions?
Currently, net banking in Paytm Payments Bank supports only domestic transactions within India.

2. Is there a daily transaction limit in net banking in Paytm?
Yes, transaction limits are defined by Paytm Payments Bank. Users should check the official website or app for updated limits.

3. How can I reset my forgotten Paytm net banking password?
Visit the net banking in Paytm login page, select Forgot Password and follow OTP verification to reset.

4. Can net banking in Paytm be accessed through mobile browsers?
Yes, you can log in through a mobile browser, but the Paytm app is recommended for a smoother experience.

5. Does net banking in Paytm support linking multiple accounts?
No, net banking is currently linked to a single Paytm Payments Bank account per user.

6. Is two-factor authentication mandatory in net banking in Paytm?
Yes, for most sensitive transactions, an OTP sent to the registered mobile number is mandatory.

7. Can I schedule future payments using net banking in Paytm?
At present, scheduled payments are not available. Transactions need to be initiated manually.
 

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LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.