Are you wondering how to send money on PhonePe using a bank account number? If so, you have come to the right place! In this guide, we will provide you with step-by-step instructions on how to transfer money on PhonePe using just a bank account number.
You don’t need a UPI ID, UPI number, or mobile number to send money on PhonePe if you have an account number only. Also, you can verify the account holder’s name before transferring money to their account.
Now, let’s dive into the process of sending money on PhonePe using a bank account number.
Step-by-step Guide on How to Transfer Money to a Bank Account Number using PhonePe?
Step 1: Open the PhonePe UPI application and log in to your account. Once you have logged in, tap on the “To Bank/UPI ID” option in the money transfers section.
Step 2: On the next screen, select the “ADD NEW BANK ACCOUNT” option and proceed to add bank account as a beneficiary.
Step 3: Next, select the beneficiary bank from the list.
Step 4: On the next screen you need to enter the beneficiary’s account number only and tap on the next button. (In most of the bank you don’t need to enter the IFSC code as it is automatically fetched by the PhonePe)
Step 5: After you have entered the beneficiary account number and submitted it, the next screen will display the account holder’s name. Verify the name and proceed to pay the money if it’s correct.
Step 6: On the following screen, kindly input the amount you intend to transfer and then select your debit bank account. Afterwards, you may proceed by tapping on the Pay button.
Step 7: Finally enter the UPI PIN and transfer money to the beneficiary’s account.
Step 8: Congratulations! You have successfully sent money to the bank account using the account number.
It’s worth noting that the bank account you added as a beneficiary is now saved in your PhonePe. So, the next time you want to transfer money to this bank account, you don’t need to enter the beneficiary account details again. Just select the saved beneficiary account and transfer the money.
In conclusion, sending money on PhonePe using a bank account number is a simple and hassle-free process. Plus, you can even receive money on the PhonePe app by sharing your bank account number. So, next time you want to send money to your family and friends’ bank accounts, use the account number option, and send money without needing their UPI ID or UPI number.