Is paytm misusing funds in wallets

Paytm has become a very unreliable service of late. Mang many people have money in their wallet that paytm wont let them use. It will say do kyc. Then when u go ahead with video kyc it says our reps are busy. Basically u have 3000 in your account but u cant pay your vendors family friends. Imagine 3000 stuck in 20 million accounts. The company by blocking our funds has a boat load of interest income and we are stuck.

RBI should make them refunds every customers many and then shut the service. more  

View all 7 comments Below 7 comments
i Also have lost money due to poor customer support and 1 am not using paytm thereafter. My money is lost with paytm. Why to use paytm or any other wallet when we have BHIM payment application. more  
I have also faced payment problems from Paytm wallet several times. Perhaps Paytm is overloaded and it is time people moved away from it. Paytm customer relationship is pretty bad also. So no improvement will take place in its service! more  
Get saving account connected with Paytm. No need for KYC or keeping money in Paytm wallet.. Incase you receive money for Paytm, there's 2 choicest to receive.. Either direct to Paytm wallet or in saving account I never keep money in Paytm wallet and my saving account is connected with Paytm I didn't get separate KYC It's deducted from my saving account and not from Paytm wallet Make sure that saving account doesn't have more floating money.. Just basic in the Bank plus just enough for monthly shopping Nobody can steal your money Always use debit card for paying Don't use ATM too often ( you don't have to use ATM because of Paytm which is connected with Bank Incase you get paid in Paytm wallet still money is safe more  
when people pay me through other online apps like G pay etc,money is diverted to my saving account,connected with PayTm more  
Even otherwise payment seems to be a notorious co. See their issue price, present price and salary around Rs.776 crore of Mr. Shekhar Sharma. RBI must act before it is too late. more  
I don't see any problem completing KYC. We hear many frauds happening and KYC is one of the way to stop such frauds. There are shops assigned to undertake KYC, so instead of calling reps, you can physically visit these shops. more  
Post a Comment

Related Posts

    • GST of 35%

      The proposed increase of the Goods and Services Tax (GST) on 150 items, including quality footwear, shoes, clothing, and more, to 35% requires a reevaluation of consumption patterns. If this policy...

      By Mohit Jain
      /
    • It's me Sutirtha from West Bengal. I want to share my frustrating experience with Reliance Life Insurance, where I was repeatedly misled by their representatives: 1. In August 2024, I bought P...

      By Sutirtha Ghosal
      /
    • Beware of Star Health and Care insurance

      Star and Care stand out in people having horrible claims experience and claim rejection I have seen both these insurers reject claims for illogical reasons. They seem to delay claim...

      By Naina Mittal
      /
    • Inland letter from LIC without any information

      A couple of days back, I received 2 letters from LIC. It started this "Dear Policyholder...". It was an intimation of maturity or survival benefit for the policy. Nowhere was the policy number me...

      By Padmanabhan G
      /
    • Airtel ups their post paid

      Pathetic customer service. My postpaid mobile bill jumped from ₹352 to ₹411. Changed to a new plan of ₹449 without any communication to me or my authorization..called their customer service number....

      By Padmanabhan G
      /
    • High cost of living

      The way cost of living, inflation, rents, layoffs, fear of pink slips, insufficient retirement corpus, over exceeding medical & education costs are increasing, very soon we are going to witness...

      By RN Chopra
      /
    • महंगाई - गेहूं यानी wheat

      गेहूं की महंगाई रहस्यमय हो चली है. मांग और आपूर्त‍ि की गुत्‍थी का सिरा ही गुम है. - नई फसल आने के बाद भी कीमतें न घटीं. अगस्‍त में गेहूं की क़ीमत करीब 100 रुपये/ क्‍व...

      By RN Chopra
      /
    • Media news channels

      Roll of news channels in TRP era. Same participants, Same hot discussion. No conclusion.Smile on anchors face when participants argue and use rough hot words. What should be standard of T...

      By Satyapal Singh
      /
    • Too much tax for buying home

      To buy a house of 1 cr you need to pay 5% GST,Which is 5L lakhs & stamp duty for registration is around 3 Lakhs. To earn 1cr 8 lakhs you have to pay tax of 38.75 Lakhs (30% + 15% sur...

      By Mukul Puri
      /
    • By Sanjit Jha
      /
    • Indexation removal by Govt is bad for property ownership

      Many have no option but to borrow and buy real estate. A loan serviced for say 20 years, significantly increase the amount paid towards the property. Now, they no longer have recourse to adjust for...

      By Reeta Kumar
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)