What is the best use of paytm points ?

Redeem 1 lac points for Rs 1k cash. 

Accumulated 1 lakh points then reedem for 1000 rs paytm wallet balance/gift card. Thats the best and thats what I do

I have jsut 30k points in last 4-6 months .. need to wait more for 1 L. ...don't we get bettter return if we convert it to mobile recharge discount voucher ?

The best use of paytm point is to redeem what is available today.
While you will wait for better to come, it will further devalued 😃