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Paytm Postpaid: How to apply

Paytm Postpaid: How to apply, eligibility, expense limit and everything else you need to know

Paytm which started in the form of a mobile wallet, became one of India's leading markets to buy and sell goods fast. It also allows for online mobile recharge and bill payment. Since the monopolization, Paytm has introduced UPI based money transfer service and payment bank among others. At the end of last year, Paytm also started the Paytm Postpaid service, which is similar to a credit card and the service has now started for users. Here is a quick look at the features of Paytm Postpaid, and how to get started with it.

What is Paytm Postpaid?How to Apply for Paytm Postpaid?Where can you use money?

Paytm Postpaid: How to apply, eligibility, expense limit and everything else you need to know


What is Paytm Postpaid?

As mentioned above, Paytm  Postpaid is similar to a credit card where you get a predetermined credit limit to spend. The credit line you receive depends on a variety of factors such as your wallet balance, monthly expenses on the forum, and more. Depending on your usage of Paytm Postpaid, the company will increase your credit limit in the coming months. At present, Petty is offering a credit limit between Rs 500 and Rs 6,000.

Like the credit card payment due date, even Paytm Postpaid has a due date - 7th of every month. A consolidated bill of your expenditure will be sent to you 15 days before the due date. Failure to make a timely payment will result in a delayed payment fee, and the account will also be blocked. Once you clear the payment, the account will be re-activated. You can pay by using Debit Card, NetBanking or UPI.

How to Apply for Paytm Postpaid?

The Paytm Postpaid application process is very simple. But before you go ahead, make sure that you have completed your KYC, where you have to submit your ID and address proof. If your KYC has already been done, open the Paytm app, app, and you will be an option called ‘Paytm Postpaid’ on the top right, just below the search bar, tap on it. As your KYC is already done, just cross check details, such as your name, email address, phone number, and others.

Next, tap on the submit application, and your account will be activated in minutes. You do not need to present any document or additional paperwork. To get started, you will be given Rs 500 as credit balance and it will continue to grow based on your usage.

Where can you use money?

You can use Paym Postpaid Balance to recharge pre-paid mobile and DTH, pay utility bills, and so on. You can use the balance to travel bookings, book movie tickets, shopping online at the paytm marketplace, and more. What's more, Patym  Postpaid balance can also be used to pay on restaurants, grocery stores, and petrol pumps. You can check the balance by tapping on the Passbook option in the app. And for those concerned about safety, there is also the option of securing your account using a passcode or fingerprint scanner.

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