Skip to main content

How to transfer money from MobiKwik to bank account

MobiKwik is one of the most sought after digital payment platform in India. The platform saw an excellent growth in its user base as well as the number of transactions after demonetization took place. If statistics are taken into consideration, MobiKwik currently has 40 million users and about 100,000 regular merchants collaboration. The platform, just like its rivals, provides a feature to transfer money from MobiKwik wallet to their bank account.

How much does it charge you?

In the pre-demonetization days, MobiKwik charged a commission of free to transfer money from your wallet to the bank account.

How to transfer money from MobiKwik wallet to bank account

With the advent of demonetization, people are rushing towards a cashless economy. During the time of demonetization, this mobile wallet has been as a major supporter of cashless economy.
However, if you have still not used its bank transfer feature, here is a way to proceed with it. The process is very simple, and you can implement it with these easy steps:

Transfer money using the MobiKwik app

  1. Login to your MobikWik account and go to the app dashboard.
  2. Click on the Transfer Money" option.
  3. In the sub menu, you have to select the Bank Transfer option
  4. Fill in the credentials like account name and number, IFSC code, amount needed, and click the Continue button.
  5. Once done, the amount is transferred to the receivers account.

Transfer your money using MobiKwik website

  1. Open www.MobiKwik.com in on of the browser on your PC and log into the MobikWik account
  2. Once logged in, you have to click on pay or transfer tab located on the top of the dashboard
  3. In the following menu select send to bank option
  4. Fill in the details like amount, account name, account number, and IFSC code and tap the "Continue" button.
  5. An OTP will be sent to your registered number; you need to enter this OTP as confirmation of the payment.
  6. Once clicked, the amount will be transferred to the receivers account.
As per the norms of PPI, MobiKwik has the set the balance limit of Rs 20,000 as a transfer amount that you can transfer to a bank account. However, upon submission of your KYC, the transaction limit can be increased to Rs. 1 Lac within 48 hours.
Not just bank transfers, the mobile wallet can also be utilized for daily transactions like mobile recharge, bus ticket booking, gas, electricity, and water bill payments. Recently, this mobile wallet even collaborated with some of the top shopping websites and is also giving substantial discount coupons.
The app has turned out to be one of the best platforms as a mobile wallet due to its efficient and safe interface and is a must recommended platform for money transfer. Just download the app and enjoy the queueless bank operations with this app.
Labels:

Comments

Post a Comment

Popular posts from this blog

What are the advantages and disadvantages of a Paytm Wallet?

Mobile wallets like Paytm are constantly trying to make it easier for people to make payments on-the-go. Paytm is available for both online and offline transactions, enabling the customers to do all sorts on different platforms. In simple terms, its a way to make payments online, and its extensive features let you pay the monthly bills, recharge your mobile, and shop while sitting in the warmth of your room. Advantages of Paytm wallet1. Available with or without the Internet The splendid service of Paytm mobile app is so smooth that you can use it anywhere, anytime with or without the Internet. If you have access to the Internet, just connect with the App and browse its seamless features. In case, you dont have the internet, call on Paytms toll-free number and ask for PIN generation. You can easily make a transaction from one Paytm account to another using this PIN and SMS service when you dont have Internet connectivity. 2. Smooth payment system Paytm is truly a one-click payment sys
Post a Comment
Read more

How to activate PhonePe Wallet on Flipkart and Myntra

Flipkart, Indias largest Ecommerce enterprise has launched its own digital wallet, PhonePe. Built on the platform of Unified Payment Interface (UPI), PhonePe lets you transfer funds instantly without even loading your PhonePe app with money. Thats right, unlike other digital wallets, where you are required to load money first in the wallet, to be able to use it for transactions, with PhonePe you can directly use the money on your bank for payments. In fact, Flipkart also announced that Myntras My Cashback feature would be converted into the PhonePe wallet. Currently, only available for Android users, PhonePe will soon be launched for iOS and other operating systems as well. All the useful features of PhonePe Loading the PhonePe wallet with money isnt required once your bank account is linked to the app All refunds and cashbacks will be credited to the PhonePe wallet You can withdraw the balance in the wallet to your bank free You can also use PhonePe wallet to transfer funds betwee
Post a Comment
Read more

How to Transfer Money from MobiKwik to Paytm?

Whether you are paying online or at petrol pumps, you can use apps like MobiKwik and Paytm for transferring cash with one touch. No worries, no hindrances, these apps are generated to provide hassle-free services. About Paytm and MobiKwikAn Indian electronic commerce and payment system, Paytm offers mobile recharges, bill payments, bus travel tickets, movie bookings, and more. The company has more than 170 million users, and they claim it to be the fastest way to make any digital transaction. Similar to Paytm, MobiKwik too is a mobile wallet, and online payment system where a user can add money to the wallet and use it for mobile and DTH recharges, online shopping, utility bill payments, and tatkal train tickets. The app has helped vendors from all over India to adapt to a cashless economy. Both of these apps are also used to transfer cash to bank accounts. So, if you have them installed on your desktop or mobile, you can always go cashless. Users can download these apps on their smartph
Post a Comment
Read more