Paytm Postpaid is a ‘Buy Now, Pay Later’ feature where the users can earn a credit of up to Rs. 60,000 interest-free for 30 days.
After users submit important financial documents such as KYC and PAN numbers, they can use the feature seamlessly. However, at the start, you will get a low limit on your Paytm Postpaid that will gradually increase.
In this article, we’ll explain how to increase the Paytm Postpaid limit easily.
Here’s what we will cover:
- What are the eligibility criteria for Paytm Postpaid?
- How to increase the Paytm Postpaid limit?
- Benefits of increasing the Paytm Postpaid limit
What are the eligibility criteria for Paytm Postpaid?
Here’s a list of the eligibility criteria for applying for the Paytm Postpaid feature:
- Your past transaction history with Paytm should be good.
- You must have a higher CIBIL score.
- You must submit KYC documents such as Aadhar card number, PAN card, and other details for verification.
Furthermore, ICICI Bank will also conduct an internal risk assessment of your account and the risk assessment should be lower.
Also read: How to close your Paytm Postpaid account?
How to increase the Paytm Postpaid limit?
Initially, you will get an amount up to Rs. 10,000 initially. However, this amount is nowhere near the 60,000 maximum limit. In this section, we will explain how you can increase the Paytm Postpaid limit easily.
There are three methods to do this easily:
Use Paytm Postpaid frequently
One of the easiest ways to increase the postpaid limit is to use the Paytm service regularly. You can recharge mobile phones, pay your electricity bill, recharge your DTH, book a gas cylinder, or pay the broadband bill.
Moreover, you can also use Paytm service to buy movie tickets or flight, bus and train tickets. Many other services such as insurance and stock investment are also available on Paytm.
Use any of these services regularly on Paytm. Paytm Postpaid checks the transaction history every month and a good transaction score will certainly help in increasing your Paytm Postpaid credit limit.
Also read: Why is Paytm Postpaid not working? Quick Fix
Pay your dues on time
Paying your dues regularly will help in increasing your reputation with Paytm. Usually, when you take credit via Paytm Postpaid, you will have to repay the amount by the 7th of next month.
When you regularly pay, your credit score will automatically increase. You can use the following methods to repay the credit:
- Paytm Wallet
- Paytm UPI
- Debit Card
- Google Pay
- PhonePe
- Net Banking
Thus, Paytm repayment is quite easy and you can select from almost all the available methods.
Check limit upgrade offers
Paytm Postpaid may send you notifications or emails regarding limit upgrade offers that you can avail of. Or, you can check the Paytm website for these offers.
Head to the Paytm website or app and then head to the Paytm Postpaid section and check for the upgrade.
You can also request Paytm to extend the limit.
Link multiple bank accounts to Paytm
Paytm works with multiple banks and if you too have accounts in several banks, you can easily link these banks with Paytm.
Linking multiple bank accounts can enhance your credit score with the Paytm Postpaid feature as it shows you have a good source of income.
Benefits of increasing the Paytm Postpaid limit
Here are the benefits of increasing the Paytm Postpaid limit:
- Increased limit means more money to shop for products without worrying.
- You can improve your credit score.
- Increased limits will also provide more flexibility to manage your cash flow.
- Paytm Postpaid’s increased limit will also allow users to get more offers and rewards.
In conclusion, increasing the Paytm Postpaid limit is easy but there is no sure-shot way to do this. You can link several bank accounts with Paytm, regularly repay the credit, or check out the Paytm website for offers.
Also read: How to enable dark mode on Paytm?
