What Is PhonePe VPA | Send & Receive Money Using VPA

Do you know your PhonePe VPA, if not read this article from which you will get to know about your PhonePe VPA and what is the use of that VPA?

What Is PhonePe VPA

PhonePe VPA is a Virtual Payment Address which links the unique user of PhonePe to their respective bank accounts. A VPA is used in place of your bank account details.

You can use your VPA (Virtual Payment Address) to any online merchant so that they can request the money for their given services.

Download PhonePe to get exciting rewards on your first send money

How To Check PhonePe VPA

It is a very simple method to check your VPA (Virtual Payment Address) and from that, you can also receive money directly into your registered bank account. While creating your VPA you need to make it unique ID which is not already in use.

If your mobile number is 123456789 then your VPA address will be 123456789@ybl.

You can also use your registered email id for your VPA.

Step By Step Guide To Check PhonePe VPA

Right now there is only one method to find your VPA. Just follow the simple steps to know your VPA.

Step 1: First of all launch your PhonePe app makes sure that you are logged into your account.

Step 2: Now tap on your profile which is located at the top left corner of your screen.

PhonePe Dashboard
Tap On Profile

Step 3: Now you have to tap on My BHIM UPI ID to check your VPA (Virtual Payment Address) and remember it for easy access.

Tap On My BHIM UPI ID
Tap On My BHIM UPI ID

Step 4: Now you can see your all PhonePe VPA (Virtual Payment Address) here.

PhonePe VPA
PhonePe VPA

How To Send Money Using PhonePe VPA

Do you know you can send & receive money from PhonePe in multiple ways? The methods are listed below you can also go through these to know how to send money.

Send Money Using Mobile Number

Send Money From PhonePe Using Bank Account Details

Step 1: First of all launch your PhonePe app makes sure that you are logged into your account.

Step 2: Now tap on To Contact in the Money Transfers section.

PhonePe money transfer
Tap On To Contact

Step 3: After that tap BHIM UPI ID to send money directly into bank account.

PhonePe BHIM UPI ID
Tap On BHIM UPI ID

Step 4: After that, you have to tap on ADD BHIM UPI ID of the receiver to send money. Also, you can send money using their mobile number.

PhonePe send money using UPI ID
Tap On Add BHIM UPI ID

Step 5: At this step, you need to enter the VPA details of receiver.

BHIM UPI ID
Enter VPA ID

Step 6: After entering the details, you need to verify the receiver details whether you are sending money to the right person or not and then continue to send money.

Confirm VPA ID
Confirm VPA ID

Step 7: Now you have to enter the amount which you want to send. After entering the amount complete the payment by entering your UPI Pin.

Enter the amount
Enter The Amount

Step 8: After this, you will see a notification of Transaction Successful and the amount will be credited to the receipt accounts within a minute.

Money Successful Send
Money Successful Send

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

How To Receive/Request Money Using PhonePe VPA

You can request money using PhonePe VPA and receive money directly into your bank account.

Step 1: First of all launch your PhonePe app makes sure that you are logged into your account.

Step 2: Now you have to tap on request under money transfer section. If it is not visible then swipe left.

Tap On Request
Tap On Request

Step 3: After that tap on BHIM UPI ID.

Tap on BHIM UPI ID
Tap On BHIM UPI ID

Step 4: At this step, you have to enter the VPA ID to receive money.

Enetre VPA ID
Enter VPA ID

Step 5: After entering the details, you need to verify the details of whether you are requesting the money to the right person or not and then continue to receive money.

Confirm VPA ID
Confirm VPA ID

Step 6: Now you have to enter the amount which you want to request. After entering the amount tap on request to complete the transaction.

Enter The Amount To Request
Enter The Amount To Request

Step 7: After this, you will see a notification of Requested Successful and the amount will be credited to your bank account when the requested person completes the transaction from their end.

Request Money Successful
Request Money Successful

Once you have requested the money successfully the receiver will receive a text message and also pop up notification on their PhonePe app. You can see below how the receiver will approve your requested money.

Step By Step Guide To Approve Requested Money In PhonePe

It is up to you whether you approve the requested money or not. Simply you can approve or decline the request.

Step 1: The person will receive the text message and a popup notification on their phone if someone requested money.

PhonePe Requested Money Notification
PhonePe Requested Money Notification

Step 2: Tap on Pay to go to the payment page to complete the transaction. If you don’t want to approve this simply decline, the transaction will cancel.

Complete The Payment
Complete The Payment

Step 3: After this, you will see a notification of Transaction Successful and the amount will be credited to the requested bank account.

Money Successful Send
Money Successful Send

FAQ (Frequently Asked Questions)

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.

Can we recharge metro card through PhonePe?

Yes, you can recharge metro card from PhonePe and Paytm. They are easy to use and one of them is described above from which you can recharge Delhi Metro card online. After a successful transaction, you have to tap on Automatic Vending Machine (AVM) at any Metro Station to credit the amount to your Smart Card.

How can I pay my electricity bill by PhonePe?

PhonePe is a mobile wallet, we can use it for availing the available services. Some of the services areSend MoneyElectricity Bill PaymentWater Bill PaymentBuy GoldSell GoldMetro Recharge. Just follow the instruction to know how to pay the Electricity Bill from PhonePe.

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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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