Paytm introduces Total Balance Check feature for UPI-linked bank accounts: Here's how to use it
Popular payments and financial services platform Paytm, on Wednesday, June 25, introduced a new Total Balance Check feature for UPI-Linked Bank Accounts. The latest feature allows the user to check both their individual and total bank balances for accounts linked on Paytm via UPI at one place
While users had to previously check each account's balance and add up the total manually, this addition by Paytm now gives the user their cumulative balance upfront, in real time. The feature is particularly useful for those who maintain multiple accounts for savings, spending, or salary credit.
The feature is secured with UPI PIN verification, ensuring enhanced security. This is a notable addition for people who have multiple accounts linked for UPI on the app.
📌On the Paytm app, open the 'Balance and History' section.
📌Link the UPI-enabled bank accounts to the app, if not done already.
📌Then, the user can check each account's balance by entering their UPI pin.
📌At the top of the screen, Paytm will now display the user's total balance in all linked accounts.
'With Total Balance View, users who have linked multiple bank accounts for UPI on the Paytm app can effortlessly check both total and individual bank balances. This makes it easier to track expenses, plan spends, manage savings, and make informed financial decisions,' said a Paytm spokesperson.
Along with this, Paytm has also introduced landmark features such as the option to hide specific payments, ensuring additional privacy for the user. The company has also added a home screen widget to receive money quickly, making each user's UPI IDs customisable. They can now hide mobile numbers and even download UPI statements in Excel or PDF formats.
Paytm is also supporting UPI transactions for Indians in select foreign countries, such as UAE, Singapore, France, Mauritius, Bhutan, Sri Lanka, and Nepal.
Founded in 2010, Paytm (operated by One97 Communications Limited) has gone on to become the leading company for payments and financial services distribution in India. It is also considered the pioneer of mobile payments and QR codes.
(This article has been curated by Purv Ashar, who is an intern with The Indian Express)
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