Hello Friends, as you know, by ordering something in Paytm or by recharging, you get some cashback directly in your wallet but there is a problem that if your Paytm does not have KYC, then Paytm gives you cashback as Goldback but not in your wallet.
So see , what is the problem that the Goldback you get, you cannot convert it directly into the cash.
So today I will tell you how you can convert this Goldback into cash, for this you will have to follow the steps given below.
What is Goldback in PaytM
1 . Open Paytm app and search Paytm gold.
2. Here you can see your Goldback balance which you received as cashback form.
3. Tap on Sell.
4. Enter Goldback amount and fill bank details to take this in your bank account.
5. Finally , Tap on proceed. Money will be added to your bank account within few hours.
So with the help of this method at you can use your Gold back amount as your wallet cash.
Why gold price is high in Paytm?
The main advantage buying gold in paytym gold is gold is stored in MMTC-PPMP lockers,which are securely locked and no doubt on purity as it is 99.99 percent pure which is best in the market.
Will I get cashback in Paytm without KYC?
No,you will not get your cashback untill you not fulfilled the minimum KYC criteria. Without KYC document information, you can apply the Promocode but your cashback is showing as Pending . It will be not approved untill & unless you will not updating your KYC details, i.e. PAN card or Aadhar Number.
Can we convert goldback to cashback in Paytm?
You can transfer your Goldback to bank account.
So I hope you will understand easily what is Goldback in Paytm so if you like this post then give your feedback in comment and share this with your friends.