Paytm Points will be credited in 1-2 days once the transaction is settled.
Paytm Points value: 6500 points = 50 rs voucher value, which is effectively 1Paytm points = 0.77 Rs. (approx).
You can redeem for various vouchers from paytm app, you can have a look in app.
SBI gives 1% value points (Eg. 100 rs transaction *1% = 1 Rs. SBI card app will show as "1" and paytm app will show this 100 paytm points. (SBI card app- Click on More- Next, Click on rewards tab and you can see your rewards points)