Send Money To Bank From PhonePe

What Is PhonePe?

PhonePe is a BHIM UPI based app to provide digital payments or cashless. It is a digital wallet or way for transacting to various merchants online.

Download PhonePe From Here (PhonePe).

 

There are two ways of sending the money to the bank account.

1.   Send money to own bank account.

2.   Send money to a someone bank account

How To Send Money From PhonePe to Own Bank Account?

Just follow the below steps to send money from PhonePe wallet to Bank Account.

  • Launch PhonePe in your phone make sure that you have logged in your PhonePe wallet.
  • Now Tap on My Money.

 

1
Tap on My Money

 

  • Next tap on Wallets/ gift Voucher.

 

2
Tap On Wallets.

 

  • Now select the PhonePe Wallet.

 

IMG-20180908-WA0018
Tap On PhonePe Wallet.

 

  • After that tap on Withdrawal.

 

1
Tap On Withdrawal.

 

  • A screen will appear that shows Your withdrawal Balance. To withdraw your amount slide down to your Bank Symbol.

 

Slide Down To Send To Your Linked Bank Account.

 

  • Slide Down To Your Bank Symbol.
  • After sliding your balance will be credited to your linked bank account within 1-2 minutes.
  •  
3
Amount Is Credited To Your Linked Bank Account.

 

How To Send Money From PhonePe to Someone Bank Account?

Just follow the below steps to send money from PhonePe wallet to Bank Account.

  • Launch PhonePe in your phone make sure that you have logged in your PhonePe wallet. 
  • Now tap on To Contact in the Money Transfers section.

 

1
Tap On To Contact

 

  • After that Tap on Bank Accounts to send the money in someone accounts.

 

2
Tap On Bank Account

 

  • After that, you will see an option to add bank account select that option to add a bank account and after that, you will be able to send the money to that bank account. 

 

3
Select Add Bank Account.

 

 

  • Now you will be required to fill the basic details to add account. This will be your Name, Account Number and IFSC code. This will take no more than a minute to complete this process.

 

4-1.jpg
Enter The Required Details

 

  • After that, you have to enter the amount which you want to send and complete the transaction by providing your UPI Pin to complete the transactions.

 

 

5
Enter Amount.

 

  • After this, you will see a notification of transaction Successful and the amount will be credited to the receipt accounts within a minute.

 

6

Transaction Successful

 

 

NOTE: ONLY THE WITHDRAWABLE BALANCE CAN BE WITHDRAW.

 

PhonePe Transfer Limit

The PhonePe app supports various payment methods so the minimum and maximum limit are different for each payment methods.

1.   UPI Transactions: The UPI limit is the same as the limit of UPI transactions.

2.   Wallet To Wallet: You can send Rs 10,000 in a single transaction while your monthly top up limit is Rs 10,000.

3.   Debit/Credit: Same limit according to bank/cards norms.

4.   Balance Withdrawal: You can withdraw maximum of Rs 5000 per month(If KYC is Completed).

 

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