Why I Cannot use my Paytm postpaid?

After facing flak about the suspension of the service, Paytm has confirmed that Postpaid service has been entirely discontinued. Paytm was facing the wrath of the regulator (Reserve Bank of India) for running a lending business. Payments banks license holders aren’t allowed to lend money.

How much cibil score is required for Paytm postpaid?

‘Normally CIBIL Score from 700 to 900 are eligible for Paytm Postpaid Delite and Elite.

How can I unblock my Paytm postpaid?

To unblock your account, please write to us at paytm.com/care from your Paytm registered email ID with your bank statement that clearly shows transactions made on Paytm, and we will unblock your account.

Can I use Paytm postpaid?

As you know, Paytm Postpaid can be used for mobile recharge, movie tickets, shopping, etc. In addition to that, you can use your credit to pay Paytm Business accounts also. To transfer money from Paytm Postpaid to Paytm wallet, you need a business account.

Who is eligible for Paytm postpaid?

Usually, a customer with CIBIL Score from 0-700 is eligible for Paytm Postpaid Lite. The credit limit for Delite and Elite users varies from Rs. 20000- to 1, 00,000. Also, no charges are applicable on the monthly spending.

Does Paytm postpaid affect cibil?

It is true that the default in Paytm Postpaid payment would affect your credit score. If you do not pay the billed amount, the ICICI Bank would report your PAN to the Credit Rating Agencies (CIBIL, Equifax, Experian). The credit score would not improve immediately what if you have paid all the outstanding amount.

How can I activate my Paytm account?

Our account opening process is digital

1. Download the latest version of Paytm App. Open & click on Savings Bank Account icon.
2. Read the T&Cs and. click on Proceed.
3. Enter & confirm. your Passcode.
4. Add a nominee & fill in all the. necessary details.

Can I use Paytm postpaid at petrol pump?

You can also use Paytm Postpaid as a pay mode across offline merchants accepting Paytm Postpaid. Petrol pump near me i.e Indian oil pumps and HP pumps doesn’t accept Paytm postpaid. Please share the registered Paytm number via DM so that we can assist you better.

Can we use Paytm postpaid without KYC?

“Now you can do your mobile and DTH recharges, book movie and travel tickets and shop on Paytm, without using your card or bank details or frequent wallet top-ups. Just spend using Paytm Postpaid and pay back the same amount next month. Mint reached out to Paytm and ICICI Bank for clarifications on the service.