How to Add Bank Account in PhonePe? (2024)

PhonePe is a completely safe and secure app that is used by numerous people for completing monetary transactions. You can also use it by downloading this app and entering your number to activate it. Next, you need to link your bank account and continue your transactions. Read on to learn how to add a bank account in PhonePe and know its benefits that can become advantageous for you.

How to Add your Bank Account to your PhonePe?

Here is astep-by-step guide to add a bank account in PhonePe:

Step 1: Open the PhonePe app and click on the profile icon present on the top left corner of this app’s home screen.

Step 2: Under the ‘Payment Methods’, click on ‘Bank Accounts’.

Step 3: Click on the ‘Add Bank Account’ button available at the bottom.

Step 4: Choose your bank from the available options.

Step 5: Once done, PhonePe will fetch your bank details and get linked to it.

Step 6: Tap the ‘UPI PIN’ button and set a unique PIN for transactions.

Step 7: Enter the last six digits of your ATM or Debit card.

Step 8: Next, input the OTP received on your registered mobile number to set the UPI PIN.

Once done, your bank account linking process is successfully completed.

How to Add Another Bank Account in PhonePe?

You canfollow the steps below to add multiple accounts to yourPhonePe app:

How to Add Bank Account in PhonePe Without a Phone Number?

PhonePe doesnot allow users toadd a bank account without a phone number. Thus, only those bank accounts can be added to PhonePe, which is linked to a phone number.

How to Add Bank Account in PhonePe Without a Debit Card?

If you do not want to provide your debit card number to link your bank account with the PhonePe app, you can use your Aadhaar card number instead. Follow the steps below to add your bank account using Aadhaar number:

How to Re-Add a Bank Account in PhonePe?

Tore-add your bank account to PhonePe, you canfollow the steps below:

Step 1: Log in to your PhonePe app and tap your profile icon on the home screen.

Step 2: Under the ‘Payment Methods’, click on ‘Bank Accounts’ and select ‘Add New Bank Account’.

Step 3: Finally, choose the bank from the available options and enter the required details.

Once done, the bank account gets re-added to your PhonePe app. When you add a bank account to the PhonePe app, it makes it simple to complete various types of monetary transactions.

How to Use a Bank Account in PhonePe?

You canfollow the steps below to make payments using the PhonePe app:

Step 1: Open the PhonePe app using your PIN.

Step 2: Click the ‘To Mobile Number’ or ‘To Bank/UPI ID’ option under ‘Transfer Money’.

Step 3: Enter the mobile number or add the recipient bank account by entering the account details of the receiver.

Step 4: Enter your transaction amount and choose the account from which you want to transfer money.

Step 5: Re-check the receiver's details and the amount to be transferred and confirm your payment.

Linking your PhonePe app to your bank account makes it easier for people to transfer money to your account. Following are thesteps to receive money on PhonePe:

Step 1: Open the app, and on its home screen, click on the ‘Receive Money’ option.

Step 2: Next, download the QR code or share the QR code with the person from whom you want to receive money.

Step 3: They can scan the QR code and send money to your bank account linked with PhonePe through any UPI app.

What are the Benefits of Adding a Bank Account to PhonePe?

Following are some notable benefits that you can get upon adding your bank account to the PhonePe app:

Secure Payment Option: The PhonePe app has adopted all the necessary measures so no third-party website can access your or receiver's bank details. This ensures you and the other person stay safe from financial fraud.
Simple to Use the App: For first-time users, this app might appear challenging due to the presence of numerous icons. However, upon using it several times, you can make seamless transactions using this app.
No Restriction on Usage: You can make payments 24/7 using your PhonePe app. Moreover, this app has no restrictions on the minimum and maximum amount you can send or receive.
Multi-language Option: To make the use of this app simpler, it allows users to set their preferred mode of language. So, you can choose the language you are comfortable with and seamlessly use the app.
Presence of Discounts: You can unlock amazing coupons and discounts upon making transactions using PhonePe. This helps you save a lot on your recharges and purchases.
Instant Money Transfer: Apart from the Virtual Payment Address, you will not need to enter any other financial details of the receiver. Also, once you complete the process, the receiver will receive the money within seconds.

PhonePe even allows you to complete small transactions of up to Rs.200 without entering the PIN. This makes transactions faster without compromising the safety of the user. So, once you know how to add a bank account in PhonePe, complete the process and access the numerous benefits of this app.

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