Transfer Money From Wallet to Bank Account

Are you looking for the way to transfer money from wallet to bank account then you have landed in the right page.

After demonetisation multiple Indian companies started providing services to transfer money from wallet to bank account but PayTm was the first Indian company which was providing wallet to bank transfer services prior to the demonetisation.

Each and every wallet company charge some amount of money as a service tax.
PayTm is change around 4% but there are few wallet available in the market

List of Wallet Name to Transfer Money From Wallet to Bank Account

  1. PayTm
  2. Phone-Pe
  3. Freerecharge

PayTm –

PayTm is 7 yr old electronic payment and eCommerce brand based in Delhi NCR.

To install PayTm app Go to Play Store search for Paytm on the top you will get PayTm app once install, click on open button.

Register yourself with Paytm App by giving mobile number and email address after that you app home screen will look like this.

transfer money from wallet to bank account
PayTm App Home Screen

To transfer money from wallet to bank account click on passbook.

transfer money from wallet to bank account
PayTm Passbook

Now click on send money to bank after that you have to enter bank account details like IFSC Code, Account Number and Amount which you wish to transfer to bank account and then click on Proceed button, Fund will be transferred to your bank account immediately.

In one transaction you can transfer 100 to 5000 rs and you can transfer up to 20000.

Phone-pe –

Phone-pe is 2 yr old start-up company acquisition of India’s leading e-commerce company Flipkart.

To install Phone-pe Go to Play Store and Search for “Phone-pe” once install click on open button.

transfer money from wallet to bank account
Phone-pe

Your Registration Window will look like this.

transfer money from wallet to bank account
Phone-pe Registration

Register yourself by giving Mobile Number, Name, Email Address and 4 digit security pin.

transfer money from wallet to bank account
Phone-pe Home

To transfer fund to bank account Click on Wallet Topup icon.

transfer money from wallet to bank account
Phone-pe Wallet

In that you will be able to see the existing balance and you will be able to add money to the PayTm wallet as well. To withdraw money click on Withdrawal and add beneficiary bank account details.

transfer money from wallet to bank account
Phone-pe Add Bank Account Details

Once bank account details added you will be able to transfer fund to bank account and you can transfer up to 5000 rs in one transaction.

FreeCharge –

FreeCharge is 7 yrs old Mumbai based eCommerce company acquisition of  Snapdeal.

For installation Go to Play Store and Search for “FreeCharge” once installation is done SignUp with you mobile number and follow the below given steps to transfer money from wallet to bank account.

  1. click the Add Money button in the home screen.
  2. select the Withdraw to Bank option.
  3. Select the beneficiary account number for which you want to transfer money and click Withdraw                                             
transfer money from wallet to bank account
FreeCharge – Home

 

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