How Can I Use Paytm Cashback Money?
Paytm cashback money is a great way to save money online. Paytm provides cashback on various transactions, such as recharges, bill payments, and online shopping. You can use the cashback money to make future transactions on Paytm or transfer it to your bank account.
Here is a detailed guide on how to use Paytm cashback money:
- Open the Paytm app and go to the “Passbook” section.
- You will see all the cashback and offers you have received in your account.
- To use the cashback, select the offer you want to use and click on “Use this offer.”
- The offer will be applied to your transaction automatically.
- You can also use the cashback money to make payments for services such as mobile recharges, bill payments, and online shopping.
- If you want to transfer the cashback money to your bank account, go to the “Passbook” section and click “Send Money to Bank.”
- Enter the amount you want to transfer and click on “Send.”
- The money will be transferred to your bank account within a few minutes.
Paytm cashback is credited directly to your Paytm wallet. Here are the details:
- When you shop using Paytm and avail of the cashback offer, the cashback amount gets credited directly to your Paytm wallet. You do not have to claim the cashback separately.
- The cashback amount instantly appears in your Paytm wallet or within a few hours after the transaction. You can track your cashback earnings under your Paytm wallet’s “Cashback & Referral” section.
- The cashback can be used to make further payments on Paytm for recharges, utility bill payments, shopping, money transfers, etc.
- The cashback amount expires within 3 months if it remains unused. So, using the cashback within 3 months is advisable to avoid expiration.
- You can track your total cashback earnings, cashback earned in the last 3,6 or 12 months, and total cashback used under the “Cashback & Referral” section in your Paytm wallet app.
Steps to Transfer Paytm Cashback to Your Bank Account:
- Open the Paytm app on your phone.
- Click on the profile icon at the top right corner.
- Go to “My Account” and then click on “Money”.
- You will see the total amount of Paytm cashback you have earned under Cashback & Rewards.
- Click on the “Withdraw” option under Cashback & Rewards.
- Enter the amount you want to transfer to your bank account. You can only withdraw amounts in multiples of ₹100.
- Select your bank name from the list of supported banks.
- Enter your bank account details, like account number and IFSC code. Verify that the details are correct.
- Click “Withdraw” to initiate the funds transfer.
- Paytm will debit the respective amount from your wallet and transfer it to your linked bank account. The funds should be reflected in your bank account within 1-3 working days.
- You will receive a confirmation SMS from Paytm once the funds transfer is successful.
That’s how you can quickly transfer your Paytm cashback amount to your linked bank account.
Best Ways To Use a Paytm Cashback Amount:
- Recharge Mobile: You can use your Paytm cashback to recharge your or someone else’s mobile number. Go to the Paytm app’s Recharge section and select the mobile recharge option. Use your cashback amount to pay for the recharge.
- Pay Bills: You can use your Paytm cashback amount to pay utility bills like electricity, water, broadband internet, DTH, etc. Go to the Bill Payments section on the Paytm app and select the relevant biller. Use your cashback balance to pay the bill amount.
- Buy Digital Services: You can purchase digital services like movie and flight tickets and shop on Paytm Mall using your cashback amount. Select the relevant service from the Paytm app and use your cashback to complete the transaction.
- Transfer to Bank: You can transfer your Paytm cashback amount to your linked bank account. Go to the Wallet section on the app, select the bank account, and enter the amount you want to transfer. Your cashback balance will be used for the transfer amount.
- Donate to Charity: You can use your Paytm cashback amount to donate to different charities listed on the Paytm app. This is an excellent way to put the cash back into social use.
How To Use Paytm Cashback
- First, you need to have a Paytm account. You can create one for free on the Paytm app or website.
- Once you have an account, look for cashback offers on the Paytm app home screen or the Deals and Coupons section.
- Check the terms and conditions of the cashback offer carefully. Make sure you meet all the eligibility criteria.
- Use your Paytm wallet to pay when purchasing from a merchant cashback on Paytm.
- After making the eligible payment, the cashback amount will automatically get credited to your Paytm wallet within a few days. The time varies based on the offer.
- You can then use the credited cashback amount to make further payments on the Paytm app, recharge your mobile, DTH, or data card, and pay bills.
- Some cashback offers also have a minimum cashback redemption amount. You may have to wait before using it until you have accumulated that much cashback.
- Cashback offers on Paytm are available from merchants like Swiggy, Myntra, BookMyShow, Oyo Rooms, Gaana, 1MG, and many more.
How to Convert Paytm Cashback Points to Cash
- Log into your Paytm account.
- Go to the “Cashback & Offers” section.
- You will see your total cashback points under your account balance.
- Click on “Convert” next to your points balance.
- You will be asked to enter the amount of points you want to convert to cash. You can convert all or some of your points.
- Once you enter the amount, click “Proceed”.
- Your cash will then get added to your Paytm wallet. You can use this cash to pay for things on Paytm or transfer it to your bank account.
The conversion rate is 1 Paytm cashback point = Re 1. So 1000 points will convert to Rs. 100 cash, and so on.
Keep in mind there is a minimum threshold for converting points. You generally need at least Rs. 100 worth of points (100 points) to be able to convert them to cash.