How to transfer money from Phonepe wallet to bank account?– you will know all possible methods to how to use Phonepe wallet & balance transfer to a bank account Easily
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 that when you add the Amounts to your 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 digital payment App’s wallet
When the amount to upload on Phonepe wallet then A Phonepe user very likely confuse to find out the process of Phonepe wallet money transfer to another bank,
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,
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 are easy to use 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 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,
Transfer money from Phonepe wallet to bank account
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 complete; as when you make it possible, it would allow you to transfer
Because I had to confront such issues, initially I have had to add the money to my Phonepe wallet, as that KYC was not complete,
so I had to retain my Phonepe wallet Balance after I got my Phonepe KYC , 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 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 log in with the Help of mobile number, which is same number 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 option it is available at the top of the screen
- Use the drag and drop method, ie. drag wallet and drop to your Primary bank account icon
but Note please, if you haven’t added your bank account to Phonepe, the money will not transfer 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
How to withdraw money from Phonepe wallet to other bank account?
What does it indicate to transfer money from Phonepe wallet to other bank accounts? the answer is, that a bank account is neither linked to a Phonepe account nor is used to add 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,
Transfer money from phonepe wallet to paytm For free
Almost all unified payment gateway applications pre-approved an option to use wallet balance to another modes of transaction, here we intend to debit from Phonepe wallet to do credit Paytm wallet ,to do so , you must have installed Phonepe app and have available balance in Wallet ,
So please use the process I am telling you here
(1).Open your Phonepe app
(2).Go to QR Code scanner by left clicking above beside Profile ICON
(3).take your Phonepe scanner near to the Paytm QR Code ,
(4).scan that code via Phonepe QR scanner
(5) Enter the Amount you wish to transfer
(6) Click on Continue to fund transfer
how to withdraw money from phonepe wallet easily ?
As above description is all about withdrawing wallet balance from Phonepe but do you think that it is also possible to withdraw money from phonepe wallet easily ?, YES, because even if your KYC is not complete or not; but wallet is already pre-enabled to make amount transfer to any other source,
For instance- Phonepe has given to invest your money in Gold and other types of Mutual Fund,so here my recommendation is that If you have phonepe wallet balance that you want to withdraw then this option is a desirable choice
because directly and in-directly money transfer to bank account from Phonepe wallet is a specious process, therefore once you buy that Gold loan, and when you sell that Gold on Phonepe itself, then that amount is direct to be credited to your Primary linked Bank account,
So I believe that this option is workable to your case if the above options might not have worked,
phonepe wallet to bank account transfer charges information
My honest opinion is that wallet money transfer lies up to that offer you services, in fact When I transfer my Phonepe wallet amount to my bank account, there are zero-cost transfer charges but before KYC has done, I was unable to transfer, I went to a merchant shop, and scanned the Phonepe QR Code and paid the wallet balance to that Merchant person,
He took ten rupees additional from me, this is also an alternate option that you choose in order to use that wallet balance
how to use phonepe wallet money without levying charges ?
Without levying charges ,use of Phone wallet basically depends on which sites you use ,but to render that Phonepe wallet accept various & multiple Payment support ,it has tied up with many merchants online ,which you can use that wallet balance,
If you want to see those lists then you can see below –
- For Mobile recharges
- Electric bill recharges
- Purchase products at Shop
- For shopping
- Gold loan
Can I withdraw money from Phonepe wallet without KYC?
Can I transfer my Phone wallet balance to non-Primary bank accounts using a bank account number and IFSC code?
Can I use My Phonepe wallet balance for all online Bill payments?
What to do if you are unable to transfer money from Phonepe wallet to a bank account?
First, do your Phonepe KYC done,
And then Go to the Phonepe wallet option, if the amount is available on your wallet balance, then raise a request to cancel your phonepe wallet, during you close your wallet, Phonepe ask you to transfer the wallet balance to your primary added bank account, but once you close your wallet, you will not be able to use wallet anymore,
how to use phonepe wallet money for shopping online?
enter the Phonepe registered mobile number ,to send an authorisation link to initiate Payment , once you get that Link ,click on that same link ,that link will take you to the Phonepe app dashboard ,AND prompt to accept payment , so click on payment ,choose payment via Phonepe wallet, otherwise select the UPI to make payment,
How to activate phonepe wallet ?
To-reactivate it ,open Phonepe app and Go to “My Money”, Click on Phonepe wallet under the option Gift& wallet vouchers, Choose ‘Activate wallet” You will receive an OTP on your registered mobile number, enter that otp to verify and then activate your wallet
Conclusion on transfer money from Phonepe wallet to a bank account
With this blog post help Now you know how to transfer money from Phonepe wallet to a 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,