Paytm Postpaid


Let's Know About the Paytm Postpaid

1 . What is Paytm Postpaid?
  • Paytm Postpaid allows you to buy today and pay for your purchases next month. You can set up your Paytm Postpaid account through the Profile section on the Paytm App and select it as a payment option for your purchases on Paytm.
2 . How does Paytm Postpaid work?
  • You can use Paytm Postpaid for your shopping on Paytm. You will get a statement for all transactions done using Paytm Postpaid in the month. On 1st date of next month, you will get your Postpaid statement which you need to pay by 15th date of the month.
3 . Why am I not seeing any invitation to Postpaid while my friends/family are able to?
  • Currently, Paytm Postpaid is being offered to only select customers based on their transaction history and who have a savings bank account with ICICI Bank. The invitation will be extended to more users in due course of time.
4 . How do I apply?

  • You can apply for Paytm Postpaid from the Profile section of Paytm App. You need to confirm a few details as mentioned in the application page and you can enable your Paytm Postpaid within minutes!
5 . Why should I apply?   
  • Pay Later
With Paytm Postpaid, you have instant credit available for your Paytm purchases, which you can repay next month.   
  • Free credit for upto 45 days 
Flexibility to club transactions & make one consolidated payment on the 15th of 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
  • >99% Payment Success rate
Since you are not paying for your order through card or net banking, there is no payment gateway involved and the payment success rate goes up drastically!
6 . What happens if someone does not pay their Postpaid bill on time?
  • Your Paytm Postpaid account will be blocked. Moreover, any delays in payment or non payment are reported to CIBIL and other credit bureaus and may impact your ability to get loans in the future.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. For example, If payment due on 15th October is Rs.5,000 and you make a payment on 20th October, penalty of Rs.50 and interest of Rs.25 will be charged. So, you will need to pay Rs. 5,000 on 20th October and the additional Rs. 75 will reflect in statement on 1st November, which is to be paid by 15th November.


7 . 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 on Paytm, user’s credit history and ICICI Bank’s internal policies. To start with, the limit will be in the range of Rs 3,000 to Rs 10,000.


8 . Can I use Paytm Postpaid to pay my Credit card bills or Loan EMI?
  • No, Paytm Postpaid cannot be used for Credit Card Bill Payments or Loan EMI Payments.

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