Are you an ICICI bank account holder ? ICICI Bank has PayLater option where you can take credit and pay back in 45 Days with different interest slabs, the credit limit depends upon your account performance and CIBIL Score etc. However, most accounts get 5000-8000 Indian Rupees as credit limit but can be only used for paying bills such as Electricity Bills, Recharges from the iMobile Application.
Even if you create a new UPI Account using your Pay Later Account, you will not be able to send money but you can receive money on that account.
If you want to transfer money from ICICI Pay Later to your ICICI Bank account or UPI account here’s a simple way to do it.
For this you need PayTM Ap and KYC must be done in order to send and receive money.
How to Transfer Money from ICICI PayLater to ICICI Bank Account and UPI
- Go to your PayTM account and navigate to PayTm Wallet.
- Click on Add money to wallet and enter the amount you want to transfer.
- In the next step, Select Net Banking and click next.
- In the next step, you will be shown two bank accounts, select ICICI Pay Later.
- Now Enter the OTP you received and click next.
- The amount will be debited in your Paytm Wallet.
- Now go back on the main menu then select PayTM wallet
- Click on Transfer money to Bank account and enter the amount you want to transfer.
That’s it, you have succesfully sent transfered money from your ICICI Paylater to your Bank Account, now this linked bank account can be used for making payments.
