How to Add Bank Account In PhonePe?

Flipkart in India has launched PhonePe in conjunction with Yes Bank. Phonepe has been aggressively expanding its app by introducing new features. Bank account integration is one of the most eagerly anticipated features. This blog will walk you through the process of adding a bank account to Phonepe and using the app to send money online.

Add Bank Account In PhonePe With Debit Card

Follow these steps to add a bank account using Debit Card in PhonePe:

  1. Launch the PhonePe app and enter your PIN or biometric identity to log in.
  2. Now, on the right side, hit the My Money option in the menu column.
  3. Select the Bank Accounts option from the Payment section.
  4. Tap the Add New Bank Account option in the following box.
  5. The following screen displays a list of all of the platform’s available banks.
  6. Tap on your preferred bank. Now, enter your bank account’s connected mobile number.
  7. PhonePe will automatically retrieve all bank account information.
  8. Create a UPI PIN for your bank account.
  9. On the application, enter the debit card information. Insert the debit card’s expiry date; if your card doesn’t have an expiry date, use 01/49 in the expiry date area.
  10. Your linked mobile number will receive an OTP from PhonePe. Please enter the OTP.
  11. Your bank account has been successfully added.

Add Bank Account In PhonePe Without Debit Card

If you do not have a debit card, you can not use the UPI services of the PhonePe. However, you can always make a Virtual Debit Card and can add it to the PhonePe. Many banks including Paym Bank, Kotak Mahindra Bank, Yes Bank, and other popular banks offer their customers to get a Virtual bank account and a Virtual Debit Card.

To add a bank account without a debit card to PhonePe, follow these steps:

  1. First, get a virtual debit card.
  2. Enter your PIN or biometric identity to access the PhonePe.
  3. Choose the My Money option from the menu section.
  4. Choose the Bank Accounts option from the Payment section.
  5. Select the option to Add New Bank Account.
  6. The following screen displays a list of all of the platform’s available banks.
  7. Look for your financial institution. Paytm Payments Bank Ltd., for example, provides you with online account access and virtual debit cards.
  8. Tap on your preferred bank. Now, type in the phone number associated with your bank account.
  9. PhonePe will automatically retrieve all bank account information.
  10. Now enter the information for the virtual debit card into the application.
  11. Enter the one-time password (OTP) issued to your registered mobile phone number.
  12. Your bank account will be added, and UPI services will be available.

Also Check:

How to Use PhonePe with a Credit Card?

How do I pay my electric bill with Phonepe?

How do I get rid of my PhonePe Business account?

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