This is the most searchable question of many people that how to withdraw money from PhonePe Wallet? The answer is not so easy because there is no direct option to withdraw money from PhonePe Wallet. But there is nothing to worry because today we will know about this topic.
As you guys know that it is very easy to recruit money in PhonePe Wallet but it is equally difficult to withdraw money from there into your bank account. But there are some ways that you can do this. So without delay, let's know about this topic.
Why is money added to PhonePe Wallet?
By recruiting money in PhonePe Wallet, we can use it anywhere. That is to say that if we shop for something, then immediately there we can make payment from our PhonePe Wallet.
Many times it has been found that banks do not work properly or their servers are not working properly. In such a situation, if money is available in our wallet, then we can transfer money immediately.
Which money will not be transferred from PhonePe Wallet?
One thing you should understand very well that if you have transferred money from your account in PhonePe Wallet then only you will be able to withdraw it in your account again. Otherwise there won't be.
Also it is not possible to make some other withdrawals such as,
No cashback amount can be withdrawn.
You cannot withdraw money from another person's account.
You cannot withdraw money if KYC is not completed.
In such a situation, you can withdraw money only in the same bank account from where you have deposited the money.
How to withdraw money from PhonePe Wallet?
Money transfer from PhonePe wallet to bank account is not that easy, but still it is possible. Here we will tell you about two such methods by which you can withdraw money in your account.
The first way to withdraw money from wallet to bank account
Step 1: You have to open your PhonePe app. Then you have to go to My Money at the bottom. After that you have to click on PhonePe Wallet.
Step 2: Now you have to click on the question icon (?) in the top right corner.
Step 3: Here you now have to say "How do I clouse my PhonePe Wallet?" option has to be selected.
Step 4: Now whatever you will do next, read carefully and proceed. If you agree to withdraw money then click on Close Wallet button.
Step 5: Here you have to select Withdraw wallet balance. Now again click on Confirm & Deactivate wallet.
Step 6: Now click on Deactivate Wallet.
Step 7: Finally click on done.
After doing all this, whatever balance would have been in your PhonePe Wallet, it will be transferred to your bank account.
Another way to withdraw money from wallet to bank account
If you do not want to delete your PhonePe Wallet but want to withdraw money then use this second method.
Step 1: First of all you have to go to any shop near you which has business account of PhonePe. Which is available to almost everyone.
Step 2: Now you have to tell them that you are going to transfer the following money to their bank account. In return, you take money from them in cash.
Step 3: This is because by doing this the money from your PhonePe Wallet is deposited directly into their bank account. At the same time, you do not even have to pay some charges.
Step 4: Try to transfer less money because many times the shopkeeper does not have that much cash available for transferring more money.
Step 5: So make sure to ask them once before you transfer.