- Click on ‘Deposit INR’ on the Home page of your CoinSwitch app.
2. Enter the amount you’d like to deposit (you can deposit between INR 100 and INR 50,00,000). Click on 'DEPOSIT'.
3. Select ‘Bank Transfer’.
4. Note down your unique user reference ID details displayed on the screen which include Beneficiary Name, Bank Name, Account Number, IFSC code, and Account Type. These details are to be added as a beneficiary in your bank account to proceed with the bank transfer.
5. Open your Paytm app and click on the profile icon on top-left corner. Scroll down to ‘Payment Settings’ and select ‘UPI & Linked Bank Accounts'. Click on the three dots on the right side.
Step 1. Click on Disable UPI. Give the consent to the dialogue that’ll pop up. Click ‘Ok’.
Step 2. After disabling UPI, come back to the home screen and click on Paytm Bank and log in.
Step 3. Select ‘Money Transfer’ under Services. Then, click on ‘Enter Bank A/c Details'.
Step 4. Select IDBI Bank from the listed options.
Step 5. Once the bank is selected, you need to set the input format to ABC by clicking on it. Without this, you won’t be able to enter the alphanumeric account number.
You’ll get a confirmation. Acknowledge it by clicking ‘Ok, Got It’.
Step 6. Navigate to the Paytm Payments Bank screen and click on 'Money Transfer'. Select the beneficiary name under ‘Recents’.
Step 7. Enter the amount you want to deposit and click on ‘Pay’ button.
Step 8. Once the transaction is processed, you’ll receive a confirmation via SMS.
Step 9. You’re now ready to buy, sell, and trade on CoinSwitch!