India’s leading digital payments platform, Paytm has launched a new feature called Total Balance Check is made to help people manage their money more easily, especially if they use multiple bank accounts with UPI (Unified Payments Interface).
Like if any person have more than one bank account linked with UPI on the Paytm app, this feature shows the total money across all those accounts in one single view. Before users had to check each account balance separately and add them up manually.
Now with Paytm adds it up for you automatically, after verifying your UPI PIN.
How Paytm’s New ‘Total Balance Check’ Feature Benefits Users?
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This is especially helpful for professionals who have separate accounts for salary and savings, students managing allowances and part-time income, or the entrepreneurs who use different accounts for business and personal use.
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They don’t need to check each account one by one. It is easier for them to manage their money, as it helps them to see and control all their bank accounts in one place.
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Users does not need to switch between different apps for different bank accounts.
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Users can choose which bank to pay from when making a UPI payment.
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It helps to budget better by tracking users spending from different accounts more clearly.
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It saves time and reduces confusion with multiple accounts
- It helps to avoid overspending or overdraft fees by showing total funds available.
How to Use Total Balance Check (Step-by-Step):
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Open the Paytm app and go to the “Balance & History” section.
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Make sure to link all the bank accounts to a UPI app (like PhonePe, Google Pay, Paytm, etc.).
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Tap on ‘Check Balance’ or ‘Total Balance’. This will show a list of the linked accounts.
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Tap on each bank account and enter your UPI PIN to check the balance. For security, need to enter the UPI PIN for each account the first time.
- Once all four steps are done for all the accounts, Paytm will automatically calculate and display the total balance at the top. Any time you check a balance, the app updates the total so it’s always current.
- When you pay someone or buy something, you can select the bank account you want to use.
This feature is for everyone using UPI on Paytm. Other new features include hiding certain payments, using widgets for faster transfers, creating custom UPI IDs, and downloading UPI statements. You can even use UPI payments with Paytm in places like the UAE, Singapore, and France. Along with its other new features, Paytm is making digital finance more user-friendly and private.