[Paytm New Launch] Paytm-ICICI Bank PostPaid - Buy Today, Pay Next Month

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Buy today and pay next month with Paytm ICICI Bank Postpaid

Paytm-ICICI Bank Postpaid will not need you to fill in any documentation or visit any bank branch. Also, there are no transaction, joining or hidden administration fees.

You can now get up to 45 days interest-free credit on Paytm. The credit amount ranges from Rs 3,000 to Rs 10,000, and is extendable up to Rs 20,000 based on your repayment history. Paytm-ICICI Bank Postpaid will also offer a quick checkout to customers with the Paytm Passcode and is available 24×7 and on all days of the year.

This is how it works:

As a start, Paytm-ICICI Bank Postpaid will offer credit to select customers of the bank using the Paytm app. It will shortly be available to non-ICICI Bank customers using the Paytm app.

Once the credit limit is set up for a customer, a consolidated bill is generated on the first day of the next month. Customers can use their Paytm Wallet, debit card or internet banking of any bank for an easy repayment of their dues.
Frequently Asked Questions (FAQ)
What is Paytm-ICICI Bank Postpaid? How it works.
Paytm-ICICI Bank Postpaid allows you to buy today and pay later. You can set up your Paytm-ICICI Bank Postpaid account through the Profile section on the Paytm app. Confirm a few details as mentioned in the application page and enable your Paytm-ICICI Bank Postpaid within minutes.
You can select ‘Paytm-ICICI Bank Postpaid’ as a payment option for your purchases on the platform. Using Paytm-ICICI Bank Postpaid as a payment mode, you can book movie and travel tickets, do mobile recharges and shop on Paytm Mall.

Why should I apply?
Pay Later: With Paytm-ICICI Bank Postpaid, you have instant credit available for your Paytm purchases, which you can repay next month.
Free credit for upto 45 days: Flexibility to club transactions and make one consolidated payment next month. All this at no extra cost!
Faster Shopping Experience: With Paytm-ICICI Bank Postpaid, you can complete your transactions much faster than through your Credit Card, Debit Card or Net Banking
99% Payment Success rate: Since you are not paying for your order through card or net banking, there is no payment gateway involved and the payment success rate goes up drastically.

How much limit will I get for my Paytm-ICICI Bank Postpaid?
The sole discretion to approve and decide limit of Paytm-ICICI Bank Postpaid rests with ICICI Bank. The limit is decided based on parameters such as transaction history on Paytm, user’s credit history and ICICI Bank’s internal policies. The limit will be in the range of Rs 3,000 to Rs 10,000.

Why do I need to link my ICICI Bank Savings account?
While setting up your Paytm-ICICI Bank Postpaid account, you would be required to link your ICICI Bank savings bank account to Paytm-ICICI Bank Postpaid. This allows you to pay the Postpaid bill from the linked ICICI bank account automatically every month.

How do I repay my dues related to Paytm-ICICI Bank Postpaid?
You have linked your ICICI Bank account at the time of application to make repayment directly from your account. You can also pay the Paytm-ICICI Bank Postpaid bill using your Paytm Wallet or you bank’s Debit Card, Net Banking. You can click on the Pay Now button in your Paytm-ICICI Bank Postpaid Passbook and proceed to the payment options.
You have to repay as per the statement sent to you via e-mail on the 1st day of the month for all transactions completed using Postpaid in the last month.

Are there any charges involved?
No charges if you pay back by the due date . On late payment, Rs. 50 late payment charges will be applied and you will also need to pay an interest for the period between payment due date and date of payment at 3% per month. You will be charged for this in the next month’s statement.

What happens if I do not pay my Paytm-ICICI Bank Postpaid bill on time?
Your Paytm-ICICI Bank Postpaid account will be blocked. Moreover, any delays in payment or non-payment are reported to CIBIL and other credit bureaus and may impact your ability to get loans in the future.
Can repayment date be extended?
Currently, it is not possible to extend the repayment due date. We will be coming up with an option soon.

Where do I see my Paytm-ICICI Bank Postpaid purchases?
You can see your Paytm-ICICI Bank Postpaid orders under Postpaid section in Paytm Profile on app.

Is Paytm-ICICI Bank Postpaid safe to use?
Paytm-ICICI Bank Postpaid comes with added security of Paytm Passcode. You must enter Paytm Passcode before completing any purchase using Paytm-ICICI Bank Postpaid. You can also reset your Passcode by going to Profile tab on Paytm home screen and then selecting security & settings.