BharatPe is one of India’s leading fintech companies that provides a one-stop solution for merchants to accept customer payments via UPI apps without any transaction fees. Merchants can also use the money in their BharatPe account to invest in P2P lending, Fixed Deposits with interest up to 12%, or order a BharatPe card for withdrawals.
If you are looking for how to transfer money from BharatPe account to bank account, then you are at the right place, as it can be easily done for free. This article covers the steps to transfer money, add a bank account, and change a linked bank account in the BharatPe app.
How To Transfer Money From BharatPe To Bank Account In 5 Easy Steps!
We have listed a bunch of easy steps that will help you in transferring money from BharatPe to your bank account easily.
Step 1: Open the BharatPe app
- Launch the BharatPe app on your device and sign in using your credentials.
Step 2: Go to the accounts page
- Tap on the ‘Accounts’ or ‘Banking’ option at the bottom menu bar to go to your accounts.
- The app will ask you to enter your MPIN or fingerprint for verification.
- Once verified, your BharatPe account dashboard will open.
Step 3: Initiate a money transfer to the bank
- Your available BharatPe balance is shown on top of the dashboard.
- Tap on the ‘Transfer to Bank’ option below the balance.
- A form will open asking for transfer details.
Step 4: Enter The Amount
- Enter the amount you wish to transfer to your bank account.
- You can also add a note for your reference.
- Click on the ‘Transfer’ button at the bottom to initiate the transfer.
Step 5: Confirmation and notification
- The money transfer request will commence.
- A confirmation message will appear once the transfer is successful.
- You can click on View Receipt to see the transaction details.
- It takes just a few minutes, up to 1 hour, for the amount to reflect in your bank account.
How To Add a bank account in BharatPe?
To be able to transfer money from BharatPe, you first need to add your bank account details to the app. Here are the steps:
Step 1: Access the account settings page
- Tap on the 3 horizontal lines menu icon on the top left corner.
- It will open the side menu, click on the ‘My Account’ option.
- This will open your BharatPe account settings page.
Step 2: Add a new bank account
- Under the KYC section of account settings, tap on the ‘Bank Account’ option.
- A list of your linked bank accounts will be shown.
- Click on ‘Add New Bank Account’ at the bottom to add an account.
Step 3: Search and select your bank
- It will open a searchable list of all banks.
- Start typing your bank name and select it from the suggestions.
- This will open a bank-specific account addition form.
Step 4: Enter account details
- If your phone number is linked to the bank account, details like account number, name, etc will auto-populate.
- You have to manually enter details like account number and IFSC code.
- Also, add your PAN number for verification.
- Click Submit to save your bank details with BharatPe.
How To Change Linked Bank Account In BharatPe?
You can easily change the linked bank account in the BharatPe app anytime if needed. Follow these steps:
Step 1: Access linked accounts
- Open the side menu and go to the My Accounts page.
- Under the KYC section, tap on the ‘Bank Account’ option.
Step 2: View added accounts
- This will open a list of bank accounts you have already added.
- The account marked as Primary is the one currently linked.
Step 3: Select a new account
- Tap on the account you want to make Primary instead.
- Click on the ‘Make This Primary’ button.
Step 4: Confirm change
- A popup will confirm if you want to change your Primary account.
- Click on ‘Change Primary Account’ to confirm.
Step 5: Updated details
- The selected account will now be set as Primary.
- It will be used for any transfers from BharatPe by default.
1) How many bank accounts can I link to BharatPe?
You can link multiple bank accounts with the BharatPe app by adding them from the Bank Account section. BharatPe sets no limit on how many accounts you can add. You can link accounts from different banks based on your requirements.
2) What is the limit for transferring money to the bank?
There is no per transaction limit set by BharatPe on the amount you can transfer to bank accounts. You can transfer the full available balance in your BharatPe wallet to your linked bank account based on your requirements.
3) How much time do transfers take to reach the bank?
Money transferred from BharatPe to bank accounts usually reaches within a few minutes. However, it may take up to 1 working day for the amount to reflect in your bank account statement after being transferred from BharatPe.
4) What details do I need to add to a bank account?
To add a bank account to BharatPe, you must provide your bank branch’s account number and IFSC code. You must also enter your PAN number for verification purposes while adding an account.
Transferring money from BharatPe to bank accounts is very simple and quick. You can easily initiate instant money transfers for free from the BharatPe app itself. Adding and changing bank account details can also be done easily. Make use of BharatPe to collect payments from customers and transfer surpluses to your bank at zero charges!