Paytm Postpaid Credit up to Rs 100,000: here’s how to apply for the benefits


The Paytm Postpaid service is available in 3 variants: Lite, Delite and Elite.

Amid the ongoing pandemic, digital payments across all financial sectors have reached new heights. To avoid human contact due to COVID-19 and guard against the spread of the virus, a large number of people have been seen to switch to the digital payment system.

To help people eliminate the need to withdraw cash, especially to cover monthly household expenses, Paytm has offered an improved credit limit of up to Rs 100,000 as part of its postpaid service.

Most of the time, Paytm users will have the option to buy / shop today and pay / clear the bill next month. Industry experts suggest it will benefit those who prefer digital transactions over cash, which represents a large number of people in the midst of the pandemic. Not only that, the improved credit limit of up to Rs 100,000 will also help people who are low on cash. Paytm users can use the postpaid service and refund the full amount next month. One can also convert postpaid invoices / amount due to monthly EMI. However, note that Paytm will charge a convenience fee ranging from 0 to 4 percent applicable to the user’s net monthly expenses.

Postpaid service will be available to purchase groceries, milk and household essentials. This will be open for the two neighborhood Kirana stores as well as retail destinations such as Apollo Pharmacy, Croma, Reliance Fresh, Haldiram, Buyers stop, etc. Alternatively, one can also use the postpaid service for various bill payment facilities available on the app, as well as online payments at Domino’s, Spencer’s, Tata Sky, Pepperfry, HungerBox, Patanjali, etc. Paytm users will also be able to opt for larger items such as furniture and consumer electronics, with the enhanced credit limit.

The Paytm Postpaid service is available in 3 variants: Lite, Delite and Elite. The postpaid “Lite” comes with a monthly limit of up to Rs. 20,000. The convenience fees charged are then added to the monthly bill. Even people with no credit score can apply for this facility. Under the postpaid services ‘Delite’ and ‘Elite’, one can opt for credit limits ranging from Rs 20,000 to Rs 100,000 monthly. Paytm claims that there are no convenience fees in connection with Delite and Elite installations. These users will also have access to all postpaid features, unlike “Lite” users.

Here’s how to activate your Paytm Postpaid account:

  • Log into your Paytm app / account and type “Paytm Postpaid” into the search icon on your home screen.
  • Then select the ‘My Paytm Postpaid’ icon. You will be asked to click on “check your credit score”. Click to continue.
  • To check your credit score, you will need to confirm your name, contact details, PAN, and date of birth, as recorded with your bank.
  • Then your registered mobile number will be verified with an OTP.
  • After completing the KYC, your service will be activated instantly or you will be put on the waiting list.

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