Now apply for Paytm Postpaid Credit up to Rs. 100,000: Product Review

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Amongst the ongoing pandemic rage, digital payments in all financial sectors rose to new heights. In order to avoid direct contact due to Covid-19 and to protect oneself from the spread of the virus, many people are switching to the digital payment system. In the changed situation of virus scare, Paytm has offered an enhanced limit of up to Rs. 100,000 under the postpaid service. People can do away with withdrawing cash this way. The different options available with Paytm are buying/shopping today and paying/clearing the bill next month etc. It will benefit those preferring digital transactions over cash. 

A lot many people follow this practice as the pandemic is raging. In addition to this, the increased credit limit will also help people who have a shortage of cash. Paytm users can avail of the postpaid service and pay back the full amount the next month. One can also convert post-paid bills/due amounts to monthly EMIs. It may be noted that Paytm will charge a convenience fee applicable to the user’s net monthly spending. The postpaid service will be available to buy groceries, milk, and home essentials. This will be available so far as retail destinations such as Reliance Fresh. One can also use the postpaid service for various bill payments facilities available on the app along with online payments at Dominos, Tata-Sky, etc. Paytm users can also opt for large items like furniture, and electronics.

The Paytm postpaid service is available in variants of Lite, Delite, and Elite. ‘Lite’ comes with a monthly limit of up to Rs.20,000, convenience fee applies. People who do not have a credit score even can apply for this. Under the post-paid ‘Delite’ and ‘Elite’, one can opt for credit limits which range from Rs. 20,000 to 1 lakh monthly. Paytm claims these variants do not have convenience charges at all. These users will also get access to all post-paid features, which ‘Lite’ users do not. Let us discuss how our Paytm postpaid account can be activated.

The various steps involved to activate Paytm Postpaid account are as follows;

  1. Log in to your Paytm app/account and type ‘Paytm Postpaid’ in the search icon on your home screen.
  2. Select the ‘My Paytm Postpaid’ icon. Thereafter you will click on ‘check your credit score’. Followed by Click to proceed.
  3. To check your credit score, you will have to confirm the name, contact details, PAN, and date of birth as registered with your bank.
  4. Next, your registered mobile number will be verified with an OTP.
  5. After completing the KYC, your service will be activated instantly or you will be put on the waiting list.

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