Shopping Discussion

Anybody ever tried to contribute RRSP via paytm app?

  • Last Updated:
  • Feb 23rd, 2018 12:19 pm
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[OP]
Newbie
Nov 24, 2016
69 posts
30 upvotes

Anybody ever tried to contribute RRSP via paytm app?

I've been using paytm for utility bills many times, it's very reliable.
Now while I'm thinking about contributing RRSP, I just found that paytm app offer an "investments" tab in which my RBC investment is listed.
I'm wondering if anybody has ever tried it:
Using paytm to deposit RRSP to one of the listed investment entities, spending the creditcard linked to your paytm
paying off creditcard later. ( If your card has extra say 2% cash reward, man, this can get you extra amount of money based on your RRSP contribution).

Is this idea feasiable?

Thanks
6 replies
Deal Expert
Aug 22, 2011
35649 posts
21735 upvotes
Center of Universe
Try it out and see for yourself.
Deal Addict
Nov 13, 2006
1164 posts
792 upvotes
Try $50 first see if it works then on Feb 26th add in the rest.
Deal Addict
Jan 19, 2017
4787 posts
2774 upvotes
layowblue wrote: I've been using paytm for utility bills many times, it's very reliable.
Now while I'm thinking about contributing RRSP, I just found that paytm app offer an "investments" tab in which my RBC investment is listed.
I'm wondering if anybody has ever tried it:
Using paytm to deposit RRSP to one of the listed investment entities, spending the creditcard linked to your paytm
paying off creditcard later. ( If your card has extra say 2% cash reward, man, this can get you extra amount of money based on your RRSP contribution).

Is this idea feasiable?

Thanks
Most likely not available for credit card payments.
Deal Addict
Nov 28, 2013
2570 posts
1050 upvotes
Quebec
layowblue wrote: I've been using paytm for utility bills many times, it's very reliable.
Now while I'm thinking about contributing RRSP, I just found that paytm app offer an "investments" tab in which my RBC investment is listed.
I'm wondering if anybody has ever tried it:
Using paytm to deposit RRSP to one of the listed investment entities, spending the creditcard linked to your paytm
paying off creditcard later. ( If your card has extra say 2% cash reward, man, this can get you extra amount of money based on your RRSP contribution).

Is this idea feasiable?

Thanks

Small derail, If i have payments that already goes on my credit card, is there any advantage to move it to paytm?
[OP]
Newbie
Nov 24, 2016
69 posts
30 upvotes
I tried it, and it turns out creditcard cannot be used for RRSP contribution...
Thanks guys.

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