Send Money From PhonePe – Transfer Money

After demonetization, the digital payment goes in trend and people are using various applications for various purposes. The trend of these wallets is increasing day by day PaytmPhonePeMobikwikGoogle PayAmazon, etc. Just follow the bellows instruction to send money from PhonePe. You will get easier. It will take approximately 1 minute for sending the money to someone.

Download PhonePe to get rewards on first send money.

How To Send Money From PhonePe To Contact or Anyone

In this guide, we can see how to send money from PhonePe to anyone in our contact instantly. There are no charges for sending money.

Step 1: First of all launch PhonePe app on your phone. Ensure that you are logged into the account and your bank account is also linked.

Step 2: After that, you will see an option named To Contact, Tap on it.

PhonePe Money Transfer
Tap On To Contact.

Step 3: Now Select the Contact Number which you want to send the money. You can also enter the mobile number if you remember it.

Send Money methods
Select The Contact.

Step 4: After selecting the contact number to Enter The Amount which you want to send.

PhonePe send money dashboard
Enter The Amount.

Step 5: Now tap on Pay and enter your UPI number or pin for completing the transaction.

UPI payment dashboard
Enter Your UPI Pin.

Step 6: Now a successful pop-up message will come on your screen.

Transaction successful
Transaction Successful.

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 WithdrawalYou can withdraw a maximum of Rs 5000 per month (If PhonePe KYC is Completed).

 

FAQ (Frequently Asked Questions)

Can we send money from PhonePe to bank accounts?

PhonePe is a BHIM UPI based app to provide digital payments or cashless. PhonePe is a mobile wallet, we can use it for availing the available services. Some of the services are, Send MoneyElectricity Bill PaymentWater Bill PaymentBuy GoldSell GoldMetro Recharge. There are two ways of sending money to the bank account.

  1. Send money to own bank account.
  2. Send money to a someone bank account.

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

Does PhonePe need KYC?

PhonePe wallet is monitored by the RBI and after RBI Guidelines it is necessary to complete the KYC of wallet. Completing the KYC will not harm us in any manner although it will give us some additional benefits fo being a PhonePe KYC verified user.

Note: As of now you don’t need to visit anywhere to complete your KYC just like we need to visit the KYC Center Near Me to complete the Paytm KYC. There is no such PhonePe KYC near me or PhonePe KYC center near me.

Can I transfer PhonePe cashback to bank account?

No, you cannot transfer PhonePe cashback to your bank account directly. But there is an alternate way from which we can do this. Firstly you need to buy gold from your cashback or wallet balance. Secondly, you need to sell that gold by the above-described methods. After selling the gold your cashback will be credited to your bank account.

Note: There will be some loss of your money. This is due to the buying rate of gold is higher than the selling rate. Approximate you will lose Rs 4 for selling the gold amount of Rs 100.

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360webhubs

360webhubs will provide you the best and easy to understand content related to every field. 360webhubs was founded in August 2018 by Deepak Kumar. The main goal of this site is to provide quality content, original, some hacks, interesting tricks in a very simple way so that everyone can understand easily.

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