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How to Transfer PhonePe Wallet Money to Bank Account 2022

Hello Guys Do you want to know the way to Transfer PhonePe Wallet Money to Bank Account? if yes then keep reading this post you will get your Answer here. Many people ask me that is there any way to Transfer PhonePe Wallet Money to Bank Account?

The answer is a little bit difficult because phonepe does not provide their user’s transfer of money directly from PhonePe Wallet to a bank account. But you don’t need to worry because today you will get complete information about this topic.

How to Transfer PhonePe Wallet Money to Bank Account

Phonepe users know that it is very easy to add money in PhonePe Wallet but in the case of transferring money from phonepe wallet, it is equally difficult to withdraw money from phonepe wallet into your bank account. But there are some methods that will help you do this. let’s know about these methods.

Why user add money In Phonepe Wallet?

After Adding Money to the PhonePe Wallet, you can use it anywhere. it means that you can make the payment if you shop online. It makes it easy for us to make payments quickly, safely, and securely.

Sometimes due to Maintainance bank’s Sevices do not work properly or their servers stop working. In this situation, PhonePe wallet will be the best option here because you can transfer money easily.

Which money will not be transferred from PhonePe Wallet?

Note that You can only withdraw money from the phonepe wallet that you have transferred money from your Bank account in PhonePe Wallet. Otherwise, you cant withdraw money from your wallet.

The Money That you cant transfer to Bank Account is Given below:

  • Cashback amount cannot be transfer.
  • You cannot transfer money to another person’s Bank account.
  • Only KYC completed person can withdraw money.

But you can withdraw money in the same bank account from where you have added money in your wallet.

Methods to Transfer PhonePe Wallet Money to Bank Account

Transferring Money from PhonePe wallet to a bank account is not easy, but still, there are some methods that you can try. Here we will talk to you about two ways to Transfer PhonePe Wallet Money to Bank Account.

Method #1

Step 1: Open your PhonePe app.

Step 2: Now Click on My Money at the bottom. After that tap on PhonePe Wallet.

Step 3: Here you have to click on the question mark icon (?) present in the top right corner.

Step 4: Now Select the Question “How do I close my PhonePe Wallet?” from option

Step 5: Follow the next steps and read carefully and proceed. Now click on the Close Wallet button If you want to withdraw phonepe wallet money to your bank account.

Step 6: Here Click on Withdraw wallet balance option. Now again click on Confirm & Deactivate wallet.

Step 7: Click on Deactivate Wallet.

Step 8: Finally click on Done.

After this process, the balance that is available in your PhonePe Wallet will be transferred to your bank account.

Remember One thing that you cannot use your phonepe wallet again once you deactivate your PhonePe Wallet. If you have any problem in any way then you can call on PhonePe Customer care on toll free number 0124-6789-345 betweenn 7 AM to 11 PM.

Method #2

The 2nd method to Transfer PhonePe Wallet Money to Bank Account is easier because in this method you don’t need to delete your PhonePe Wallet. So if you want you can use this method to Transfer PhonePe Wallet Money to Bank Account. tp transfer PhonePe Wallet Money to Bank Account just follow the steps mentioned below.

Step 1: First of all Visit any shop near you which has a business account with PhonePe.

Step 2: Now you have to transfer the following money to their bank account. In return, you can make money from them in cash.

Step 3: The money from your PhonePe Wallet will be deposited directly into their bank account. and even you do not have to pay any transaction fees.

Note: Make sure to ask them once before you transfer.


I hope that you get complete information about How to Transfer PhonePe Wallet Money to Bank Account. I request all of you readers that you also share this information so that there will be awareness among us and everyone will benefit a lot from it.

Thanks to Everyone who has read this article. In this article, the solution to his problem has been mentioned in a very simple way. We have tried our best, but still, if you have any questions, doubts, or suggestions regarding this post, feel free to ask us in the comment section. We will try to answer your questions as soon as possible. Thank You!

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One Comment

  1. 2nd method to transfer paytm wallet money to bank account is good. Only customer needs to confirm if business account user will give cash or transfer money to your bank account. There must be escrow like lock for both normal user and business account user of Phonepe for doing such transactions. Please add link for finding store locator of Phonepe business account shops in India

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