Paytm has not listed specific steps on transition the Paytm IDs to new banks.
Paytm customers have to vary their UPI ID after RBI prohibited new credit into their Paytm pockets.
Paytm has began shifting its UPI buyer IDs to different banks. This transfer comes after the Reserve Financial institution of India dominated that Paytm Funds Financial institution can not settle for new credit into its buyer accounts or Paytm wallets after March 15, 2024. Now Paytm customers need to shift their UPI IDs which have the “@paytm” suffix to maneuver to a different financial institution.
Following RBI’s ruling, the Nationwide Funds Company of India (NPCI) authorised One 97 Communications (OCL), the father or mother firm of Paytm Funds Financial institution, can switch its prospects’ UPI funds to different banks.
The NPCI allowed OCL to behave because the Third-Occasion Software Supplier (TPAP) in collaboration with its associate banks. These associate banks are Axis Financial institution, HDFC Financial institution, State Financial institution of India (SBI), and YES Financial institution.
What are the brand new UPI handles?
There isn’t a deadline for altering one’s Paytm UPI ID. If the Paytm customers determine to switch their UPI IDs, their “@paytm” suffix shall be modified with the associate financial institution’s initials. Listed here are the suffixes that 4 banks related to Paytm use:
- SBI UPI deal with: “@ptsbi”
- HDFC Financial institution UPI deal with: “@pthdfc”
- Axis Financial institution UPI deal with: “@ptaxis”
- Sure Financial institution UPI deal with: “@ptyes”
Right here’s swap to a brand new UPI deal with on Paytm
Paytm has not listed specific steps on transition the Paytm IDs to new banks. Nevertheless, many Paytm UPI readers are already getting “Vital UPI alerts” on their app, alerting the customers to vary their current ID to one of many 4 associate banks.
To vary your UPI ID on Paytm, observe these easy steps.
- First, click on in your Paytm profile icon, then navigate to “UPI and Funds Settings”. Right here, you’ll see your present Paytm UPI ID.
- Subsequent to it, you’ll discover an “Edit” choice.
- Click on on “Edit” to entry the “Handle UPI ID” web page. From there, you’ll be able to choose the choice to activate a brand new UPI ID with a special financial institution.
- Select your most popular financial institution and click on on the “Lively” choice.
- Your telephone quantity will then be verified through SMS.
- After just a few seconds, your new UPI ID will grow to be your major UPI ID.
