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
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