What is Paytm Postpaid, How to Increase Paytm Postpaid Limit and How to use Paytm Postpaid Balance

In order to offer short term instant digital credit Paytm has joined hands with ICICI Bank and come up with the all new Paytm Postpaid services. Paytm Postpaid means it will allow the Paytm users to shop instantly and then pay the bill later on. Paytm postpaid service is considered to be country’s one of the first and unique way to access interest free short term digital credit. This is India’s first formal tie up between a scheduled commercial bank and an e-commerce platform to offer digital credit to customers of the commerce platform instantly. If you are wonder as to what is Paytm postpaid credit and how to use Paytm postpaid then here we are with all the information that you might have been looking related to Paytm postpaid.

  • What is Paytm Postpaid, How to Increase Paytm Postpaid Limit and How to use Paytm Postpaid Balance

How to Get Paytm Postpaid Service Activated

 

  • You simply need to go to your Paytm profile and click on Paytm postpaid
  • Next you need to fill in your Aadhaar and PAN card details
  • Once these steps are done you will get your spend limit based upon your previous Paytm  purchase history
  • Now you are free to shop anywhere and everywhere.

As a Paytm user you can view all your Paytm Postpaid orders in the passbook, you can freely pay by the 15th of next month using your Paytm wallet or debit card.

 

How To Increase Paytm Postpaid Limit

 

There is just one way for how to increase the Paytm postpaid limit and that is by shopping more on Paytm. As we told you earlier the Paytm postpaid limit is decided on the basis of your shopping history on Paytm. So the more you shop on Paytm the more easy it becomes for you to increase Paytm postpaid limit.

 

How To Use Paytm Postpaid Balance

 

If you are thinking as to how to use Paytm Postpaid balance then you will be happy to know that your Paytm postpaid balance can help you shop for anything and everything on Paytm. Not only this you can also use your Paytm postpaid balance to pay bills for local shops.
Frequently Asked Questions About Paytm Postpaid

 

 

Why should I apply for Paytm Postpaid?

 

The best benefit of using Paytm postpaid is that it allows you to shop now and pay later with the have instant credit available for your Paytm purchases, which you can repay next month. Here are some other benefits that will help you decide as to why one should apply for Paytm postpaid:

  • Pay Later: With Paytm Postpaid, you get free credit for up to 45 days
  • Flexibility: To club transactions and make one consolidated payment next month. All this at no extra cost
  • Faster Shopping Experience: With Paytm Postpaid, you can complete your transactions much faster than through your Credit Card, Debit Card or Net Banking

Frequently Asked Questions About Paytm Postpaid

 

How much limit will I get for my Paytm Postpaid?

 

The sole discretion to approve and decide limit of Paytm Postpaid rests with ICICI Bank. The limit is decided based on parameters such as transaction history of  Paytm user’s credit history and ICICI Bank’s internal policies. The limit will be in the range of Rs.3,000 to Rs.10,000.

 

How do I repay my dues related to Paytm Postpaid?

 

If you have linked your ICICI bank account to Paytm then your credit dues will be debited from your account or else you can pay through Paytm wallet or debit card.

 

Are there any charges involved?

 

No charges if you pay back by the due date . On late payment, Rs. 50 late payment charges will be applied and you will also need to pay an interest for the period between payment due date and date of payment at 3% per month. You will be charged for this in the next month’s statement.

What happens if I do not pay my Paytm-ICICI Bank Postpaid bill on time?

 

If you fail to pay your credit bill on time you will be debarred from using the Paytm postpaid services.

 

Is Paytm Postpaid safe to use?

Paytm Postpaid comes with added security of Paytm Passcode. You must enter Paytm Passcode before completing any purchase using Paytm Postpaid.

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