Hello everyone, today we will talk about a fascinating topic. I am sure you all must know you are troubled by this problem but don’t worry, we are here to help you. Let’s discuss the problem of ‘How To Close Paytm Postpaid Account.’
Everyone must know that Paytm is the most used platform in India. According to research, we found that Paytm has the highest rating on the Play Store, and even during the time of COVID-19, almost everyone started using Paytm.
Paytm is an Indian multinational company FinTech (Financial Technology) company. Paytm company specializes in digital payment and giving financial services. It was founded in 2010 in Noida.
As we mentioned in the above article, it is a multinational company, and Paytm branches are in India, and Japan. Are you trying to know how to deactivate your Paytm postpaid account, if you are doing then don’t worry, we will help you how to deactivate your account.
Paytm postpaid has amazing features that allow its users to use like “Buy Now Pay Later” which enables users to make payments and transactions with a credit limit. But sometimes such a situation arises when you do not want to take their service for a long time or want to cancel it.
In simple language, you want to deactivate the Paytm postpaid account. So let’s discuss this step-by-step in this article, but first, we will know what is Paytm postpaid account.
What Is a Paytm Postpaid Account?
As we all know about the Paytm application, it is a digital platform where we can transfer money, and it provides many features. It’s Postpaid is a digital credit service offered in partnership with ICICI Bank.
And do you know what? Paytm comes in two variants, The First is PAYTM Postpaid and the second is PAYTM Postpaid Mini.
- Let’s know one by one First with PAYTM Postpaid. You get a flexible credit limit of Rs 500 to Rs 60,000 that you can use to shop online, pay bills, recharge your phone, and many more. In this, the best part is it will not charge any interest, if you make full payment by the due date.
- Now, the second one is PAYTM Postpaid Mini which offers a lower credit limit of Rs 250 – Rs 1000 but it works similarly. But always keep in mind that your repayment history is reported to credit bureaus because it helps to build your CIBIL score. And you can also track your daily spending in the personal ledger in the Paytm application.
Step-By-Step How a Paytm Postpaid Account Deactivated?
Well, the Paytm application always tried to provide great services like Paytm Postpaid, allowing users to pay later for their purchases to other users. But if you want to deactivate your Paytm postpaid account, then you have to know step-by-step guidelines on how to close your Paytm postpaid account so, let’s know how it is done.
STEP1: Open the Paytm application
STEP2: Then, log in with your number which number is registered
STEP3: After that, click on the option ‘Balance and History‘
STEP4: Now you can see the option ‘Paytm Postpaid‘ then tap on it
STEP5: Click on the ‘Help‘ option, it will be shown on your screen, which will land on the next page
STEP6: Now, you can see at the bottom right of the page, click on the ‘Contact us‘ option
STEP7: Now You will have the ‘Need help with non-order related queries‘ option on the next page, click on it
STEP8: After that, you will be on the ‘Help and Support page,’ here you have to select the option ‘Issue with Paytm postpaid account status‘
STEP9: Well, now you have two more options, you have to tap on the first option ‘I want to deactivate/close my Paytm postpaid account‘
STEP10: Now can select the preferred reason to deactivate your Paytm Postpaid account
STEP11: Now, you will get a confirmation message for account deactivation. So you just have to tap on the ‘Yes‘ option
It is so easy to deactivate your Paytm postpaid account. But keep in your knowledge that, your postpaid account request will be accepted on the 8th day of the next month from the day you made a deactivation request. Also, if you are using it in the middle, then your request will be canceled and you won’t be able to close your account.
If You Have a Balance In Your Account
In any case, if you want to deactivate your Paytm postpaid account. If you have a balance in your account, then you can do this:
- You can use the balance, but how? by transacting on any Paytm service.
- Well, you can transfer the balance of money to any other registered Paytm phone number.
- You can also transfer your money to any bank account.
Also read: How to Delete Google Pay Account
Why Do We Deactivate The Paytm Postpaid Account?
Well, there may be many personal reasons. We mentioned here some common reasons that you may want to deactivate your Paytm Postpaid account for several reasons, such as:
- It can be you are no longer using the credit service.
- The higher credit limit is confusing for you to understand.
- There will be also a reason that you want to avoid late fees due to missed repayments.
- Or it will also happen that you have multiple postpaid services and want to simplify credit.
- Or it can be that you need a break from spending to manage your finances better.
But always remember that before deactivating your Paytm Postpaid account, you should repay any outstanding credit that is already due. You will also want to ensure that your account is smooth before closing the account. And you will have also to check that there is no balance in your wallet because if you deactivate your account then can’t access the account.
Also read: How to Delete Transaction History in Phonepe
Conclusion
We hope you have understood, how to close Paytm postpaid Account, step-by-step. We have mentioned above in the article in very easy language which should be in your knowledge. It also mentioned the features that will help you in the future.
Well, after reading our entire article, you will have all the basic knowledge about some key points that should be important to keep in mind.
