166 days ago

How to Transfer Money from Phonepe Wallet to Bank Account?

author Mayank Content Writer

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How to Transfer Money from Phonepe Wallet to Bank Account? You may have to do several transactions, so don’t worry. This Article is a complete guide on safely transferring money from a Phonepe wallet to a bank account.

I asked many about the steps to transfer money from this mobile payment app to the bank, and everyone said that the process is a bit complicated. Nevertheless, I searched on the internet, and a video caught my attention that helped me a lot.

After watching that video, it securely transferred all my money to my bank account with zero percent difficulty. No matter whether the amount is big or small, you can quickly transfer your money. If you also want to know How to Transfer Money from Phonepe Wallet to Bank Account, read this Article till the end.

Read this Article also: How to Buy and Claim PhonePe Gift Cards?

How to Transfer Money from Phonepe Wallet to Bank Account

Table of Contents

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1.How to Transfer Money from Phonepe Wallet to Bank Account? 7 Easy Steps
- Things to Keep in Mind Before Transferring Money
- Eligibility for Transferring Money from PhonePe Wallet to Bank
2.Final Note
3.FAQs (Frequently Asked Questions)

How to Transfer Money from Phonepe Wallet to Bank Account? 7 Easy Steps

I recommend following only the steps given below as it quickly transfers your money and is a 100% secure method. Read the procedure given below-

The first step is to download and open the PhonePe application on your smartphone.
You will see the “PhonePe Wallet” option on your screen, so click on it.
In the wallet section, click on the “Withdrawal” tab.
Wallet and Bank icons appear on your screen now.
Now, drag the wallet icon downwards onto the bank icon.
Enter the total number of amounts you want to transfer.
Tap on the “Proceed” button.

Hey! Your money has been successfully transferred from the PhonePe wallet to your Bank account. If you find this method quick and hassle-free, share it with all your friends who want to know how to Transfer Money from PhonePe wallet to Bank Account.

Do you know how to delete history of PhonePe application? No clue? Read this article: Phonepe Ki History Kaise Delete Kare?

Things to Keep in Mind Before Transferring Money

You may have lots of questions to ask, such as when I can transfer, transfer fees, transfer limit, and much more. Below are a few points to note before doing this process on your smartphone. Here we go-

PhonePe will not charge any money for transferring your money from your wallet to any bank account.
The transfer limit on the PhonePe app depends totally on the KYC completion status. If you have completed full KYC, the transfer money limit from wallet to bank is ₹1 lakh per month. If there is minimal KYC, users can transfer up to ₹10,000 per month.
Users can transfer money from their PhonePe wallet to their Bank account at any time. However, if they encounter an issue during the transfer, they should contact PhonePe customer support or their bank for assistance.

Eligibility for Transferring Money from PhonePe Wallet to Bank

Before you transfer your funds, let me inform you that completing your KYC (Know Your Customer) verification is imperative. According to the RBI, every user must complete their KYC before transferring funds from a mobile payment app to their bank account for financial security purposes. Share this with all those who are PhonePe users!

Final Note

Hey, PhonePe users! I saved your time here. There is no need to search on Google and ask everybody How to Transfer Money from Phonepe Wallet to Bank Account. This article covers the best method that saves your time and completes the process with no difficulty. Make sure to complete your KYC on time. Do you know any other hidden ways to transfer funds? If so, please share it in our comment section.