Paytm — Paytm postpaid late fees overcharged

Address:Noida uttar pradesh
Website:paytm.com

Hey..
My payment mobile number is [protected]
Name - Aman Kumar
. I had opened Paytm Postpaid in March 2022, in which the loan amount was 500 ₹ that means total amount which was approved so Out of that, I had recharged my mobile for 299 ₹ and 118 ₹ ...
So total amount which is used is = 417
Now i had 83 ₹ left in my account before the date of 7th April
Due to some issues I have not paid in 7th April which means penalty of late fee will be applied

So main point is - According to the policy, late fee penalty is to be levied on 7th of every month, whose loan will be up to 500 or less.

I did not pay the bill for 2 months i.e. 7th April and 7th of May that means
Penalty up to ₹ 25 + 25₹ = ₹ 50 should have been imposed but They are charging more than 50 ₹ every month

Now here's scenario

Total amount is = 500₹
Recharge = 299₹ - 500₹ = 201₹
One more recharge = 118₹ - 201₹ = 83₹
Convience fee of April 2022 = 10₹ so 83₹ - 10₹ = 73₹
Convience fee of May 2022 = 4₹ so 73₹ - 4.18₹ = 69₹

Now late fee penalty is
April 7 over due date = penalty applied 50₹ so
69₹ - 50₹ = 19₹

Again over due date may = 68₹

So 68₹- 19₹ = -49₹

Now total amount which I have to pay is = 549.76₹

But according to late fee policy i have to pay only 481₹
Because 7 April and 7 may = 25₹ + 25₹ = 50₹
but they're charging extra amount 68₹

That's it I have attached screenshot also please take action immediately otherwise they'll charge late fee extra more from me...

Resolution which I want is - decrease amount of late fee

Thanks
+3 photos
Was this information helpful?
No (1)
Yes (10)
May 13, 2022
Updated by Darksoulofficially
[protected] is my Paytm account number
Complaint comments 

Comments

This paytm post paid is scam. They don't send reminders no have auto repayment option. So if a genuine customer misses the data, by 1 day, ge us charged late fees without even offering one-time waiver option.
It's scam to get money through late fees by paytm bank.
That's why paytm lost all share value in market and also not gaving all RBI approval.
Better use paytm only transactions, nit fir post paid. Pls save and get away with paytm, rlse you will face issues

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    PayTM Mobile Solutions
    customer care contact
    Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good a company is at responding and resolving complaints by granting from 1 to 5 stars for each complaint and then ultimately combining them all for an overall score.
    Read more
    9%
    Complaints
    20038
    Pending
    0
    Resolved
    1738
    PayTM Mobile Solutions Phone
    +91 12 0477 0770 [Head Office]
    +91 12 0306 2244 [Support]
    PayTM Mobile Solutions Address
    B-121, Sector 5, Noida, Uttar Pradesh, India - 201301
    View all PayTM Mobile Solutions contact information