How To Use Phonepe Wallet Money? – If you have trouble getting money from your PhonePe account, you can contact our customer support team for help with these helpful tips.
PhonePe is a digital payment company that makes it easy for you to send and receive money. Digital payments have become very popular after the rise of demonization in various parts of the world. PhonePe is the first UPI-based payment application in India.
PhonePe allows its users to trade efficiently and securely anywhere in India. Using the UPI platform, it is possible to transfer money directly from one bank to another. You can use your virtual payment address or mobile phone number.
The best thing about the app is that you do not need to use a credit or debit card to make your payments. You can send money directly from one bank account to another. You do not need a one-time password (OTP) or security PIN.
PhonePe does not need to have a balance in your wallet before sending or receiving money. If you want to send money to someone else, the balance will be debited directly from your bank account.
Using The Application
PhonePe is only available on Android. You can transfer it from the Google Play Store. Allows you to do the following.
1.To send or request money from others. You can do it by entering your VPA or number
2. Check your bank account balance.
3. Recharge your data card bill, DTH, mobile, gas and electricity, landline, and postpaid bills.
4. Withdraw the balance from the wallet to your bank account without additional charges
5. Refund and refunds to the merchant.
Setting Up The App
If you possess an Android phone, you can connect to the app. You will be asked to enter details about your phone number, email, and name to generate your account. You will obtain an SMS to verify your number. When configuring your application, you do not need to enter any personal information.
You need to create a unique VPA for your account. It will be important when you receive the payments. The VPA looks a lot like a username for your account. It’s hard to get paid if you don’t have a VPA. If you entered a phone number connected to your bank account, the app would automatically collect your account details.
Send And Receive Money
You can transfer or accept money from your friend or merchant using their QR code.
Using a smartphone, scan the QR code. You can use it to make payments to any merchant. It’s at the bottom of the app screen. You can discover your QR code by swiping from the left and clicking “My QR code.”
If you have received the money in your application, you can withdraw it by dragging and dropping the wallet. Your money will be transferred to your bank account promptly.
PhonePe does not need you to make any payments when withdrawing your money. The transaction is completely free.
- For portfolio transactions, the maximum is 10,000 per month.
- Withdrawal from the wallet balance can amount to 5,000 per transaction. The maximum is 25,000 per month.
- For bank account transactions, transactions can amount to 1,000,000 per transaction.
You can obtain money from PhonePe even if your bank account is not active with UPI. The application is completely secure so that you can carry out your transactions with complete peace of mind.
If you are having difficulty withdrawing money from your PhonePe account, you can contact the customer support team for assistance. The agents are friendly and helpful. If you interact with them by phone, you should be connected to an agent within ten minutes.
How To Transfer Money From A Phonepe Wallet To My Bank Account Using UPI?
Step 1: Open the phone, go to -> MONEY TRANSFER -> To account
2nd Step: click add a bank account
Step 3: Fill in the beneficiary account details. Using the account number and IFSC code and the name of the account holder
Step 4: After adding the bank details, select the account you just added from the list and choose the amount you want to send
Then press submit.
You Cannot Transfer Money From Wallet to Bank Through UPI.
However, you can withdraw your wallet balance to your account linked to that UPI.
There are two types of balance in phonepe wallet: cashback balance (non-withdrawable balance) and aggregated balance (withdrawable balance).
You cannot withdraw the cashback balance to the account; however, it can be used for another purpose, such as recharging, paying bills, etc.
And you can withdraw the balance from your account.
For this, go to the wallet section, click withdraw and then slide the wallet icon to the bank icon. It will be credited to your account.