Paytn Bank transfer at 0% Solution

As Paytm recently changed their T&C regarding the bank transfer rate, which will be 2% for all users.

Here is a solution for PayTM Wallet to Bank Transfer at 0%.

Create PayTM Merchant Account -
Link: https://paytm.com/business/payments/sign-up
1. Click 'Get Your QR Code Instantly' Button. It will ask you to Log In.Log in to your existing PayTM Account normally.
2. After logging in, You will be asked to Select Payment Solution. Select this option: I want to accept payments in my shop/retail store
3. Now it will ask your business details and your address. If you have a business, use it. Else enter your name and in the business category, choose any personal business. [I chose Tuition & Classes]
4. Enter your real address. Don't mess it up. This is not a trick or anything. You are providing services yourself that's all.
5. You will get your QR Code instantly. Your account is done.
Now your account is a merchant account. But it may take some time to activate.
📝 Note :
>> This is NOT a Trick <<
FAQ:
Q: Any Document Verification Required?
A: I think NO. Firstly, I already have upgraded PayTM Account. So, maybe they didn't ask me any documents. Secondly, there's no space to upload docs there. So, you can try yourself.
Q: Upgraded Wallet Required?
A: I don't know actually. I tried on Upgraded Wallet myself. You can try on a non-upgraded wallet and let me know.
Q: Why am I calling it Temporary Solution?
- I created merchant account using this way few weeks ago.
- Now I am not getting any charges on transferring money to bank.
- I asked others having merchant accounts, they confirmed they are not getting any charges.
As this method worked for me, I shared it. It may not work now, as I did it few weeks ago. And it may not work instantly. Give it some time. And it may not work for all.
So, please update whether its working. And again, give it some time and then recheck again. Maybe it can work after few days.