How KYC &Non-KYC users transfer money from Phonepe wallet to bank account

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

Transferring money from Phonepe bank account to another bank accounts with the help of Phonepe UPI extension, but 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 money 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 transfered,

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 –

Transfer money from Phonepe wallet to bank account without KYC

Without KYC, Transfer money from Phonepe wallet to a bank account is not determined on behalf of Phonepe, so I would recommend, to 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;

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/Transfer money to Primary bank account From Phonepe wallet

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

• Read also- How to remove bank accounts from Phonepe

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 ,

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