How to transfer funds between own bank accounts in seconds with PhonePe

R Dinakaran Chennai | Updated on January 15, 2018 Published on April 03, 2017


PhonePe, Flipkart’s UPI app - has one distinct advantage over other UPI apps. It allows quick transfer of funds within our own accounts linked to UPI - within seconds.

First, you have to link all your accounts to PhonePe under UPI. The linking follows the usual UPI process of verifying the phone number and linking the accounts linked to the phone number. For this to work, all your accounts must be linked to the same number.

Once the accounts are linked in PhonePe, it is now possible to transfer money among the accounts with just a few clicks. There is no need for account numbers or IFSC codes or even MMIDs, as the transfer is done through UPI.

In the opening screen, select the ‘To Self’ option under ‘Transfer Money’. The next screen will show you the list of banks you have linked to PhonePe.

Select the account you have to transfer the amount to. The screen also allows you to add a new account if you have forgotten to add one.

In the next screen, enter the amount and select the account you want to transfer the money from. This screen too offers the option to link a new account.

Once you select the account, you will be required to enter your UPI PIN. That’s it. The money will be transferred and credited within seconds.

Published on April 03, 2017

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.