How to transfer money from Phonepe wallet to bank account? Phonepe to use with the various purposes including Credit card bill payment, Mobile recharges, making an online payment on merchants outlets
Initiating money from Phonepe bank account to another bank accounts with the help of Phonepe UPI extension, with that, what happens when you add the Amounts to your Phonepe wallet? well, the Phonepay wallet system is unlike other Payment gateways, very likely wallet money transfer facility on Phonepe concludes dissimilar activity of wallet money transfer than other App’s wallet
When the amount is added on Phonepe wallet then A Phonepe user very likely may confuse to find out the process of Phonepe wallet money transfer to another bank, This is what the concern #how to transfer from phonepe wallet to bank account to discuss with this blog post;
Unknowingly majority of Phonepe users add their money to Phonepe wallet, with this thought that wallet amount can be transferred to anywhere They wish; But after adding money to Phonepe wallet, all users have to go through the Phonepe terms and conditions, if somehow deny the Phonepe wallet rules and conditions, users may come across with an issue of transferring money from Phonepe wallet,
Here are the terms& conditions with Phonepe wallet that if a Non-Kyc user add the money to his/her Phonepe wallet, in this case, Phonepe won’t allow them to transfer money directly, indeed, wallet amounts to be used for Bill payments, for shopping purposes,
While A Phonepe KYC (know your customer) User can have only the authority to transfer money from Phonepe wallet to Phonepe primary bank account, IF KYC has already done and the same user happens to withdraw the amount from Phonepe wallet, or, wish to transfer money from wallet to a Non-primary bank account, then, that wallet balance won’t be transferred,
Now you are well aware of Phonepe wallet fund transfer terms & conditions, so now,it comes to how we can transfer the amount from Phonepe wallet, so please, go ahead with the below steps –
Table of Contents
Transfer money from Phonepe wallet to bank account
To transfer amount from Phonepe wallet to bank account Without KYC,& Transfer money from Phonepe wallet to a bank account is determined on behalf of Phonepe but has some regulations, so I would recommend, use that Wallet balance on other payment outlets,
If not please get your Phonepe KYC done as when you make it possible, Because I had to confront such issues, initially I added the money to my Phonepe wallet, as that KYC was not completed, so I had to retain my Phonepe wallet Balance, after I got my Phonepe KYC done, Then, I was able to transfer money from Phonepe wallet to bank account;
Moreover, if you do not want to avail Phonepe KYC facility, you have another option to get the wallet amount into cash, You can visit your nearest Phonepe KYC center or such a shop which accept Phonepe transaction, so you can request them to provide you a cash amount for your Phonepe wallet balance, in consideration so withdraw money from Phonepe wallet without KYC,
As of Phonepe wallet best digital wallet in order to utilize the wallet available balance on stores; so the final conclusion that reveals without KYC done Phonepe wallet balance can’t be withdrawn directly to a primary bank account, indeed, you can add the amount from various online sources (debit card, credit cards) to the wallet of Phonepe
how to withdraw money from Phonepe wallet without KYC
Good thing is that Phonepe permit a user to transfer an amount from Phonepe wallet to a bank account, to do so, please do log on to www. phonepe.com
Or, Launch Phonepe app and login with the Help of mobile number, which is registered with the Phone pe, Now ,please follow the below steps –
Go to the Phonepe app and Click on MY MONEY
Next to click on PHONE WALLET
Tap the withdrawal button can be seen at the top of the screen
Use the drag and drop method, ie. drag wallet and drop to your Primary bank account icon
You are done now, but Note please, if you haven’t added your bank account to Phonepe, the money will not be transferred to other bank accounts, essentially add your bank account first in order to withdraw money from Phonepe wallet
How to transfer money from Phonepe wallet to other bank account?
What does it indicate to transfer money from Phonepe wallet to other bank accounts? answer is ,that bank account is neither linked to a Phonepe account nor is used to added the wallet balance , so very likely ,to consider is linking that Bank account to your Phonepe wallet and make that account primary bank account on Phonepe ,and then ,try to transfer amount from wallet to bank account ,doing this,will transfer the money without hassle ,
Can I withdraw money from Phonepe wallet without KYC?
Ans- No, Even mini-KYC Phonepe users and Non-KYC Phonepe users can avail this facility of withdrawing amount/money from Phonepe wallet, but yeah, they can get cash in consideration of Phone wallet balance, please read the above details for the same,
Can I transfer my Phone wallet balance to non-Primary bank accounts using a bank account number and IFSC code?
Ans- NO, Phone permits to do fund/amount transfer from Phonepe wallet to only bank accounts which is your Primary bank account, which you add with the verification process,
Can I use My Phonepe wallet balance for all online Bill payments?
Ans- No, Phonepe wallet balance is not for credit card bill payment, moreover you can use it for other bill payments online,or to a merchant payment as well,
Conclusion on transfer money from Phonepe wallet to bank account
With this blog post help Now you know how to transfer money from Phonepe wallet to bank account, we have mentioned the details for both even a KYC user and Non-KYC Phonepe users as well, however, if you find an issue you can contact Phonepe customer care services, Hope you find this article helpful, please do not forget to share with your friends, Tags-#how to transfer money from phonepe wallet to bank account without KYC
Welcome to my Blog, My name is Anil Chauhan a Founder and chief editor of Bank mehowto.site , currently working on this Blog to share my own ideas with you people, on this Blog, I update detailed information about Bank Net Banking, Debit cards, Credit cards, customer care services, and Money transfer info,