Do you want to clear your Paytm wallet statement? Do you want to delete your Paytm transaction history? If you do, then read this post to learn more about it.
Paytm Wallet is a mobile wallet where you can transfer money via internet banking, credit card, debit card, etc. you can also transfer money from Paytm wallet to bank account. You can use it for buying things from Paytm and many other e-commerce and services websites in India. You can also pay offline using Paytm cash.
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If you have balance in your account, then make sure to use it or transfer it before sending a request for closure. Balance transfer from your Paytm account to another Paytm account or bank account is allowed only after KYC as per the RBI guidelines dated October 11, 2017, Para 9, Point no. 9.1 (i) (g) and (k) (see applicable RBI guidelines here: bit.ly/ppiwallet). Telugu sex chat - free chat without registration.
Paytm propelled after demonetization Paytm bank, and all of you have other bank accounts with passbook. Furthermore, you don’t permit, and you can not erase the transaction history from your passbook. This is because if you delete history, it might prompt illegal operations like unapproved transactions and money laundering, and the government cannot trace the activities that have done illegally.
However, whenever you use your Paytm wallet like paying for something or receiving money, the transaction is stored on your Paytm wallet statement. You can easily check it by opening the Paytm app and clicking on “Passbook.”
Now some of you guys have this question in your mind, “can I delete my Paytm transaction history?”. This question was asked by one of our readers a few days back. Not only one person may people were commenting on this post- “How to Delete Paytm Account,” regarding the same issue. If you are also someone who wants to know the answer to this question, then let me tell you the short answer to this.
Why You Can’t Just Delete Your Paytm Transaction History
Everybody knows Paytm (Pay Through Mobile) is truly an outstanding and most well-known wallet application. Paytm Wallet is a portable wallet where you can move cash through internet banking, debit card, credit card, and so forth you can likewise transfer some money from Paytm wallet to bank account. You can utilize it for purchasing things from Paytm and numerous other web-based business and services sites in India. You can likewise pay offline through Paytm money.
Some of you guys may have this question in your minds. So here I am trying to tell you guys the reason behind it. You all have bank accounts right? Bank accounts have passbooks where all transaction details are saved. Do bank accounts let you delete your transaction history? No, they don’t. If they do let this happen, then the bank accounts can be used for illegal activities like money laundering and bad people can easily misuse any account.
Well, you can think of your wallet as a bank account where it’s a necessity to store all your transactions history. Just like a bank account transaction statement, you can not delete transaction statement or wallet statement transactions from your account too. Deletion of transaction of the entire transaction history is not possible. However you can check transaction records and track the money from wallet , unauthorized transactions , transaction attempts and make requests for money from friends and family. There is not a lot of option for you.
You can also read articles on:
How To Delete Gmail Account And Still Use Other Google Products , Download PayTM App for PC Laptop Windows 7/8/8.1 Computer and How to Transfer Money from Freecharge to Paytm
Conclusion
Presently comes the idea in our mind, there are such a significant number of individuals looking at how to erase Paytm account history or conceal transaction history. However, Sorry Guy’s response to this inquiry is No. Transaction history it can’t be cleared or erase by the proprietor of the account. When your transaction is finished, it will be a passage in the app transaction history or statement. So as a present, there is no alternative to erase the request list. Hope this step by step guide proved useful.You can leave questions and queries in the comment box.
Paytm is an E-wallet that is widely used all over India for electronic payments. Integrating your bank account with Paytm helps in instant UPI money transfers. While this mode of payments saves time and effort, it may not be that safe.
In the article, we will see how to remove Bank account from Paytm. The steps mentioned below will work for both Android and iOS device.
Paytm provides a feature where you can link your Bank account to Paytm account. You can securely check your account balance or transfer money to your friends and family via your Bank account using Paytm.
As there are lesser layers of security when compared to using the banking App, there is a bit of risk in adding your Bank account to Paytm. Also, there is a high possibility that the person hacks into Paytm and misuse the app for his benefits.
With all the security in place, no one can guarantee that theft will not happen. So if you are still looking for how to remove your bank account from Paytm, then continue reading.
Paytm My Account
Paytm now does claim that they have launched an App password feature, which will ensure that the money in your Paytm wallet is safe even if you lose or misplace your phone. Paytm also is PCI DSS compliant, which means that it is highly secure, and it does not store customer sensitive information.
How to Remove Bank Account from Paytm Easily
The Paytm app is available for both iOS and Android devices on the iOS App Store and Google Play Store, respectively.
Your bank account will add under the UPI section of Paytm. While the UPI mode of payment is secure, it also comes with its fair share of problems. By deleting your bank account, you will also deregister your UPI profile from Paytm.
Before we move on to the steps, there is one point to be noted. If you have two bank accounts linked to Paytm, you will be able to delete one of those two. If there is only one bank account linked and you try to delete it, you will get an error message like “Primary Bank Account for UPI ID cannot be deleted.” If you get this alert, as shown in the screenshot below, you will have to deregister your UPI profile to delete the bank account.
Let’s take a look at How to Remove Bank Account from Paytm on iOS or Android devices via two different methods.
The steps to remove your primary bank account from Paytm will be the same irrespective of whether you use an Android or iOS device. The below steps will guide you through the process.
Steps to remove Bank account from Paytm App – Method 1
Follow below steps on How to Remove Bank Account from Paytm:
- Log in to the Paytm application on your iOS device.
- Tap on UPI Money Transfer that appears on the top of the page.
- Tap on the settings icon at the top of the page.
- The Money Transfer Setting page will open up, Under “Default bank account to receive or send money” you will see a list of linked bank accounts. The page will appear similar to the screenshot below.
- Select the account that you want to delete. Tap on Remove Account.
- You will see a pop-up to confirm if you want to delete this bank account. Tap on Confirm.
If you get an alert, “Primary Bank Account for UPI ID cannot be deleted.” Tap on the three dots at the top of the page, then Tap on Deregister UPI Profile. After you deregister the profile, you will be able to delete the bank account.
Steps to remove Bank account from Paytm App – Method 2
- Log in to the Paytm application on your iOS device.
- Tap on the profile icon at the top left corner of the app.
- Tap on settings.
- Tap on Manage cards and bank accounts for making payments.
- Tap on the account that you want to remove.
- Tap on Remove Account.
In Conclusion
I hope you got the right guide on how to remove a bank account from Paytm. If you are stuck in any of the steps, leave a comment in the section below, we will help you.
Note that removing or unlinking your bank account from the Paytm application will also remove the UPI payment methods. You will no longer be able to make UPI payments.
If you still have issues while removing your Bank Account from Paytm you can contact Paytm Customer Support for further related queries.
We cannot say if the decision to remove the bank account from Paytm is the right decision or not. It’s more of a personal preference. Some people prefer to keep their accounts not linked to anywhere to maintain security and avoid threats. Whatever you’re decision is, it’s the right one for you.
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Thanks for reading.