Most of the customers do not use the UPI application or do not have mobile phones to install the application on. You can still send money to their bank account, though. PhonePe users can send money by entering the account number and IFSC code. We will look at how to transfer money from a phone to a bank account.
Today in This Article We Lean About Transfer Money From PhonePe To a Bank account From Different ways. If You want to Know Transfer Money From PhonePe To a Bank account So carefully read our Complete Article For Better Understanding So here is a Complete Guide on How To Transfer Money From PhonePe To a Bank account
Documents Required To Transfer Money From PhonePe To Bank account
PhonePe app must be installed on your phone
On your PhonePe account, at least one bank account will be added and activated.
Enter the beneficiary’s account number as well as the IFSC code.
What is the best way to transfer money from a phone to a bank account?
On your smartphone, launch the PhonePe app Click here
Click on the “To Account” button from the main page.
Then, in the lower right corner of the app, tap on the + icon to create a new account.
Select the name of the bank from the drop-down list, then type the account number, IFSC (if applicable), account holder name, phone number (if applicable), and other details.
To store account information, press the CONFIRM button.
Now you can enter the amount to be transferred and choose the account you want to debit from.
To securely transfer money from PhonePe to a bank account, enter your UPI PIN.
Finished Your money was quickly sent to the recipient’s account. You may ask them to check their bank account balance.
What is the maximum amount that can be transferred from a PonePe account?
The transaction limit is the same for UPI transactions. In most cases, the norm is 1 lac per treatment per day.
Is PhonePe secure?
PhonePe uses the BHIM UPI payment gateway and has cooperated with Axis Bank as a UPI transaction intermediary. As a result, all your transactions are done through the bank, and PhonePe has no way to intercept them. PhonePe simply provides a simple user interface for using the UPI capability. It also offers rewards and discount vouchers from a number of different brands.
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