Paytm Wallet

PayTM has emerged as one of the most trusted e-wallets over the last few years. What started off as a recharge portal has now expanded to a full fledged e-commerce portal with lakhs and lakhs of items on sale. So you can now recharge your mobiles, DTH connections or pay electricity bills, PayTM also lets you pay at different Portals and Services using your PayTM balance. In other words, you can use your PayTM wallet balance to pay on other sites and services.

Paytm Wallet

PayTM is currently in the process of setting up a payments bank. Understandably, a lot of you must be wondering exactly what is a payments bank.

What is a Payments Bank?

A Payments Bank is simply a bank that allows you to deposit up to Rs. 1,00,000 in the wallet/account. Services like PayTM have applied to operate their wallets as a Payments Bank. RBI, the Reserve Bank of India, lets these services offer interest on these types of accounts to customers. With the limit set to Rs. 1 lakh, it is high enough for m-commerce companies like PayTM, and low enough for customers to trust these services.

However, these Payments Banks cannot issue loans like normal banks. They can however offer ATM and Debit cards, so you can look forward to getting a virtual debit card at the very least from PayTM, Freecharge and the likes.

Pay With PayTM

Coming back to the point, PayTM has tied up with dozens of Indian portals and services. Thanks to this, you can now use your PayTM wallet balance to pay at these portals and services. In this post, we are listing some unusual and innovative services offered by PayTM where you can pay bills using your smartphone.

Electricity Bill Payment

Paytm Electricity payments

Paytm started with a couple of Electricity boards for payment of electricity bills, but the service has now been expanded to 17 Electricity boards across North India. The following electricity boards are currently supported for Electricity bill payments on PayTM are:

  1. Ajmer Vidyut Vitran Nigam
  2. BESCOM
  3. BSES Rajdhani
  4. BSES Yamuna
  5. Bhagalpur Electricity Distribution Company
  6. CESC Limited
  7. Jaipur Vidyut Vitran Nigam
  8. Jodhpur Vidyut Vitran Nigam
  9. Muzaffarpur Vidyut Vitran Ltd
  10. Noida Power Company Limited
  11. North Bihar Power Distribution
  12. Reliance Energy – Mumbai
  13. SNDL Nagpur
  14. South Bihar Power Distribution
  15. Tata Power – DDL
  16. Torrent Power Limited
  17. Uttar Pradesh Power Corporation Limited

Note that payments made to these respective electricity boards will take two days to reflect in your account.

Bonus: Use code elec5 to get Flat 5% Cashback on Electricity Bill Payments.

Gas Bill Payment

Paytm Gas payments

You can also make your Gas bill payments using PayTM. The following gas operators are supported currently.

  1. Adani Gas Limited
  2. Mahanagar Gas – Mumbai
  3. Siti Energy Limited

Metro Card Recharge

Paytm Metro Card payments

If you use the Delhi Metro or Mumbai Metro, you can avoid waiting in lines to recharge your metro card. At the moment, PayTM supports recharge of Delhi Metro and Mumbai Metro cards.

Bonus: Use code METRO100 to get flat 10% cashback.

School And College Fees

Paytm School and College payments

Paying your School and College fees just got a whole lot easier with PayTM. You can make your school and college fees payments via PayTM in a matter of a few seconds. There are dozens of schools and colleges that work with PayTM – visit here to check if your institution is supported.

Insurance

Paytm Insurance payments

Making your insurance payments is now as easy as recharging your mobile. PayTM has been expanding the types of services it provides and right now, it supports the following insurers.

  1. ICICI Prudential Life Insurance
  2. IndiaFirst Life Insurance
  3. Reliance General Insurance
  4. Reliance Life Insurance
  5. Religare Health Insurance
  6. SBI General Insurance Limited
  7. TATA AIA Life Insurance

Water Bill Payment

Other than mobile recharges and utility and education payments, PayTM has added support for Water Bills too. Right now, the only water board that supports PayTM is Delhi Jal Board, but expect other boards to be supported soon too.

Indian Railways

Paytm Indian Railways payments

While the IRCTC website has gotten way, way better than before, making a payment can sometimes be a bothersome exercise. However, with PayTM being added as one of the supported payment options, you can go ahead and buy your railway tickets with the PayTM trust.

I have been using PayTM for years now. To see it grow to such an extent has been quite an experience. How do you use PayTM? Let us know in the comments below.

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Rounak is techie by heart and journalist by profession. He is responsible to take care of editing job at Gadgets To Use. Driven by curiosity and a thirst to learn new things in life, he is always intrigued by the things we can do with a gadget in our hands. A stock Android and Nexus fan, he also enjoys cricket and reading in his free time.